Common use of Net Tangible Assets Clause in Contracts

Net Tangible Assets. After giving effect to any exercise of the SPAC Shareholder Redemption Right by the public SPAC Shareholders, SPAC shall have at least $5,000,001 of net tangible assets (as determined in accordance with Rule 3a51-1(g)(1) of the Exchange Act) immediately after the First Effective Time.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Silver Crest Acquisition Corp), Agreement and Plan of Merger (Silver Crest Acquisition Corp), Agreement and Plan of Merger (Poema Global Holdings Corp.)

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Net Tangible Assets. After giving effect to any exercise of the SPAC Shareholder Redemption Right by the public SPAC Shareholders, SPAC shall have at least $5,000,001 of net tangible assets (as determined in accordance with Rule 3a51-1(g)(1) of the Exchange Act) immediately remaining after the First Effective TimeSPAC Stockholder Redemption.

Appears in 1 contract

Samples: Agreement and Plan of Merger and Reorganization (AltC Acquisition Corp.)

Net Tangible Assets. After giving effect to any exercise of the SPAC Shareholder Redemption Right by the public SPAC Shareholders, SPAC shall have at least $5,000,001 of net tangible assets (as determined in accordance with Rule 3a51-1(g)(1) of the Exchange Act) immediately after the First Effective Time.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Healthcare Capital Corp/De)

Net Tangible Assets. After giving effect to any exercise of the SPAC Shareholder Redemption Right by the public SPAC Shareholders, SPAC shall have at least $5,000,001 of net tangible assets (as determined in accordance with Rule 3a51-1(g)(1) of the Exchange Act) immediately remaining after the First Effective TimeSPAC Stockholder Redemption.

Appears in 1 contract

Samples: Agreement and Plan of Merger (CIIG Capital Partners II, Inc.)

Net Tangible Assets. After giving effect to any exercise all redemptions of the SPAC Shareholder Redemption Right by the public SPAC ShareholdersShares, SPAC shall have net tangible assets of at least $5,000,001 of net tangible assets (as determined in accordance with Rule 3a51-1(g)(1) of immediately prior to the Exchange Act) immediately after the First Effective TimeMerger.

Appears in 1 contract

Samples: Business Combination Agreement (JATT Acquisition Corp)

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Net Tangible Assets. After giving effect to any exercise of the SPAC Shareholder Redemption Right by the public SPAC Shareholders, SPAC shall have at least $5,000,001 of net tangible assets (as determined in accordance with Rule 3a51-1(g)(1) of the Exchange Act) immediately after the First Effective Time.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Magnum Opus Acquisition LTD)

Net Tangible Assets. After giving effect to any exercise of the SPAC Shareholder Redemption Right by the public SPAC Shareholders, SPAC the Surviving Company and its Subsidiaries shall have at least $5,000,001 of net tangible assets (as determined in accordance with Rule 3a51-1(g)(1) of the Exchange Act) immediately after the First Second Effective Time.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Metal Sky Star Acquisition Corp)

Net Tangible Assets. After giving effect to any exercise of the SPAC Shareholder Redemption Right by the public SPAC Shareholders, SPAC the Company shall have at least $5,000,001 of net tangible assets (as determined in accordance with Rule 3a51-1(g)(1) of the Exchange Act) immediately after the First Effective Time.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Blue Ocean Acquisition Corp)

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