Partial or No Exercise of the Over-allotment Option. In the event the Over-allotment Option granted to the underwriters of the IPO is not exercised in full, the Subscriber acknowledges and agrees that it (or, if applicable, it and any transferees of Shares) shall forfeit any and all rights to such number of Shares (up to an aggregate of 1,500,000 Shares and pro rata based upon the percentage of the Over-allotment Option exercised) such that immediately following such forfeiture, the Subscriber (and any such transferees) will own an aggregate number of Shares equal to 20% of the issued and outstanding Common Stock immediately following the IPO.
Appears in 10 contracts
Samples: Gores Technology Partners II, Inc., Gores Holdings VII Inc., Decarbonization Plus Acquistion Corp
Partial or No Exercise of the Over-allotment Option. In the event the Over-allotment Option granted to the underwriters of the IPO is not exercised in full, the Subscriber acknowledges and agrees that it (or, if applicable, it and any transferees of Shares) shall forfeit any and all rights to such number of Shares (up to an aggregate of 1,500,000 1,125,000 Shares and pro rata based upon the percentage of the Over-allotment Option exercised) such that immediately following such forfeiture, the Subscriber (and any such transferees) will own an aggregate number of Shares equal to 20% of the issued and outstanding Common Stock immediately following the IPO.
Appears in 7 contracts
Samples: TLG Acquisition One Corp., Fortress Value Acquisition Corp. III, TLG Acquisition One Corp.
Partial or No Exercise of the Over-allotment Option. In the event the Over-allotment Option granted to the underwriters of the IPO is not exercised in full, the Subscriber acknowledges and agrees that it (or, if applicable, it and any transferees of Shares) shall forfeit any and all rights to such number of Shares (up to an aggregate of 1,500,000 750,000 Shares and pro rata based upon the percentage of the Over-allotment Option exercised) such that immediately following such forfeiture, the Subscriber (and any such transfereesall other initial stockholders prior to the IPO, if any) will own an aggregate number of Shares equal to 20% of the issued and outstanding Common Stock Shares immediately following the IPO.
Appears in 6 contracts
Samples: DA32 Life Science Tech Acquisition Corp., InterPrivate III Financial Partners Inc., InterPrivate II Acquisition Corp.
Partial or No Exercise of the Over-allotment Option. In the event the Over-allotment Option granted to the underwriters of the IPO is not exercised in full, the Subscriber acknowledges and agrees that it (or, if applicable, it and any transferees of Shares) shall forfeit any and all rights to such number of Shares (up to an aggregate of 1,500,000 1,125,000 Shares and pro rata based upon the percentage of the Over-allotment Option exercised) such that immediately following such forfeiture, the Subscriber (and any such transfereesall other initial shareholders prior to the IPO, if any) will own an aggregate number of Shares equal to 20% of the issued and outstanding Common Stock Shares immediately following the IPO.
Appears in 5 contracts
Samples: Securities Subscription Agreement (Graf Industrial Corp.), Securities Subscription Agreement (Graf Industrial Corp.), Securities Subscription Agreement (Platinum Eagle Acquisition Corp.)
Partial or No Exercise of the Over-allotment Option. In the event the Over-allotment Option granted to the underwriters of the IPO is not exercised in full, the Subscriber acknowledges and agrees that it (or, if applicable, it and any transferees of Shares) shall forfeit any and all rights to such number of Shares (up to an aggregate of 1,500,000 1,125,000 Shares and pro rata based upon the percentage of the Over-allotment Option exercised) such that immediately following such forfeiture, the Subscriber (and any such transfereesall other initial shareholders prior to the IPO, if any) will own an aggregate number of Shares equal to 20% of the issued and outstanding Common Stock ordinary shares of the Company immediately following the IPO.
Appears in 5 contracts
Samples: Ascendant Mobility Acquisition Corp I, Ascendant Digital Acquisition Corp. III, Ascendant Digital Acquisition Corp. II
Partial or No Exercise of the Over-allotment Option. In the event the Over-allotment Option granted to the underwriters of the IPO is not exercised in full, the Subscriber acknowledges and agrees that it (or, if applicable, it and any transferees of Shares) shall forfeit any and all rights to such number of Shares (up to an aggregate of 1,500,000 1,406,250 Shares and pro rata based upon the percentage of the Over-allotment Option exercised) such that immediately following such forfeiture, the Subscriber (and any such transferees) will own an aggregate number of Shares equal to 20% of the issued and outstanding Common Stock immediately following the IPO.
Appears in 5 contracts
Samples: Gores Metropoulos, Inc., Gores Holdings III, Inc., Gores Holdings III, Inc.
Partial or No Exercise of the Over-allotment Option. In the event the Over-allotment Option granted to the underwriters of the IPO is not exercised in full, the Subscriber acknowledges and agrees that it (or, if applicable, it and any transferees of Shares) shall forfeit any and all rights to such number of Shares (up to an aggregate of 1,500,000 1,312,500 Shares and pro rata based upon the percentage of the Over-allotment Option exercised) such that immediately following such forfeiture, the Subscriber (and any such transfereesall other initial stockholders prior to the IPO, if any) will own an aggregate number of Shares equal to 20% of the issued and outstanding Common Stock Shares immediately following the IPO.
Appears in 4 contracts
Samples: Securities Subscription Agreement (Forum Merger III Corp), Securities Subscription Agreement (dMY Technology Group, Inc. II), Securities Subscription Agreement (Diamond Eagle Acquisition Corp. \ DE)
Partial or No Exercise of the Over-allotment Option. In the event the Over-allotment Option granted to the underwriters of the IPO is not exercised in full, the Subscriber acknowledges and agrees that it (or, if applicable, it and any transferees of Shares) shall forfeit any and all rights to such number of Shares (up to an aggregate of 1,500,000 1,125,000 Shares and pro rata based upon the percentage of the Over-allotment Option exercised) such that immediately following such forfeiture, the Subscriber (and any such transfereesall other initial stockholders prior to the IPO, if any) will own an aggregate number of Shares equal to 20% of the issued and outstanding Common Stock Shares immediately following the IPO.
Appears in 4 contracts
Samples: Securities Subscription Agreement (Forum Merger IV Corp), Securities Subscription Agreement (Falcon Capital Acquisition Corp.), Transformational CPG Acquisition Corp.
Partial or No Exercise of the Over-allotment Option. In the event the Over-allotment Option granted to the underwriters of the IPO is not exercised in full, the Subscriber acknowledges and agrees that it (or, if applicable, it and any transferees of Shares) shall forfeit any and all rights to such number of Shares (up to an aggregate of 1,500,000 750,000 Shares and pro rata based upon the percentage of the Over-allotment Option exercised) such that immediately following such forfeiture, the Subscriber (and any such transferees) will own an aggregate number of Shares equal to 20% of the issued and outstanding Common Stock immediately following the IPO.
Appears in 3 contracts
Samples: Fortistar Sustainable Solutions Corp., Fortistar Sustainable Solutions Corp., LF Capital Acquisition Corp.
Partial or No Exercise of the Over-allotment Option. In the event the Over-allotment Option granted to the underwriters of the IPO is not exercised in full, the Subscriber acknowledges and agrees that it (or, if applicable, it and any transferees of Shares) shall forfeit any and all rights to such number of Shares (up to an aggregate of 1,500,000 2,250,000 Shares and pro rata based upon the percentage of the Over-allotment Option exercised) such that immediately following such forfeiture, the Subscriber (and any such transferees) will own an aggregate number of Shares equal to 20% of the issued and outstanding Common Stock immediately following the IPO.
Appears in 3 contracts
Samples: Fortress Value Acquisition Corp. IV, Fortress Value Acquisition Corp. IV, Gores Holdings VI, Inc.
Partial or No Exercise of the Over-allotment Option. In the event the Over-allotment Option granted to the underwriters of the IPO is not exercised in full, the Subscriber acknowledges and agrees that it (or, if applicable, it and any transferees of Shares) shall forfeit any and all rights to such number of Shares (up to an aggregate of 1,500,000 2,812,500 Shares and pro rata based upon the percentage of the Over-allotment Option exercised) such that immediately following such forfeiture, the Subscriber (and any such transferees) will own an aggregate number of Shares equal to 20% of the issued and outstanding Common Stock immediately following the IPO.
Appears in 3 contracts
Samples: Gores Holdings X, Inc., Gores Holdings IX, Inc., Gores Guggenheim, Inc.
Partial or No Exercise of the Over-allotment Option. In the event the Over-allotment Option granted to the underwriters of the IPO is not exercised in full, the Subscriber acknowledges and agrees that it (or, if applicable, it and any transferees of Shares) shall forfeit any and all rights to such number of Shares (up to an aggregate of 1,500,000 750,000 Shares and pro rata based upon the percentage of the Over-allotment Option exercised) such that immediately following such forfeiture, the Subscriber (and any such transfereesall other initial shareholders prior to the IPO, if any) will own an aggregate number of Shares equal to 20% of the issued and outstanding Common Stock ordinary shares of the Company immediately following the IPO.
Appears in 3 contracts
Samples: Centurion Acquisition Corp., RCF Acquisition Corp., Pyrophyte Acquisition Corp.
Partial or No Exercise of the Over-allotment Option. In the event the Over-allotment Option granted to the underwriters of the IPO is not exercised in full, the Subscriber acknowledges and agrees that it (or, if applicable, it and any transferees of Shares) shall forfeit any and all rights to such number of Shares (up to an aggregate of 1,500,000 375,000 Shares and pro rata based upon the percentage of the Over-allotment Option exercised) such that immediately following such forfeiture, the Subscriber (and any such transferees) will own an aggregate number of Shares equal to 20% of the issued and outstanding Common Stock immediately following the IPO.
Appears in 2 contracts
Samples: GS Acquisition Holdings Corp, GS Acquisition Holdings Corp
Partial or No Exercise of the Over-allotment Option. In the event the Over-allotment Option granted to the underwriters of the IPO is not exercised in full, the Subscriber acknowledges and agrees that it (or, if applicable, it and any transferees of Shares) shall forfeit any and all rights to such number of Shares (up to an aggregate of 1,500,000 750,000 Shares and pro rata based upon the percentage of the Over-allotment Option exercised) such that immediately following such forfeiture, the Subscriber (and any such transfereesall other initial shareholders prior to the IPO, if any) will own an aggregate number of Shares equal to 20% of the issued and outstanding Common Stock Shares immediately following the IPO.
Appears in 2 contracts
Samples: Securities Subscription Agreement (Industrea Acquisition Corp.), CITIC Capital Acquisition Corp.
Partial or No Exercise of the Over-allotment Option. In the event the Over-allotment Option granted to the underwriters of the IPO is not exercised in full, the Subscriber acknowledges and agrees that it (or, if applicable, it and any transferees of Shares) shall forfeit any and all rights to such number of Shares (up to an aggregate of 1,500,000 750,000 Shares and pro rata based upon the percentage of the Over-allotment Option exercised) such that immediately following such forfeiture, the Subscriber (and any such transferees) will own an aggregate number of Shares equal to 2016% of the issued and outstanding Common Stock immediately following the IPO.
Appears in 2 contracts
Samples: Atlantic Street Acquisition Corp, Atlantic Street Acquisition Corp
Partial or No Exercise of the Over-allotment Option. In the event the Over-allotment Option granted to the underwriters of the IPO is not exercised in full, the Subscriber acknowledges and agrees that it (or, if applicable, it and any transferees of Shares) shall forfeit any and all rights to such number of Shares (up to an aggregate of 1,500,000 187,500 Shares and pro rata based upon the percentage of the Over-allotment Option exercised) such that immediately following such forfeiture, the Subscriber (and any such transferees) will own an aggregate number of Shares equal to 204% of the issued and outstanding Common Stock immediately following the IPO.
Appears in 2 contracts
Samples: Atlantic Street Acquisition Corp, Atlantic Street Acquisition Corp
Partial or No Exercise of the Over-allotment Option. In the event the Over-allotment Option granted to the underwriters underwriter of the IPO is not exercised in full, the Subscriber acknowledges and agrees that it (or, if applicable, it and any transferees of Shares) shall forfeit any and all rights to such number of Shares (up to an aggregate of 1,500,000 468,750 Shares and pro rata based upon the percentage of the Over-allotment Option exercised) such that immediately following such forfeiture, the Subscriber (and any such transferees) will own an aggregate number of Shares equal to 20% of the issued and outstanding Common Stock immediately following the IPO.
Appears in 2 contracts
Samples: Gordon Pointe Acqusition Corp., Gordon Pointe Acqusition Corp.
Partial or No Exercise of the Over-allotment Option. In the event the Over-allotment Option granted to the underwriters of the IPO is not exercised in full, the Subscriber acknowledges and agrees that it (or, if applicable, it and any transferees of Shares) shall forfeit any and all rights to such number of Shares (up to an aggregate of 1,500,000 937,500 Shares and pro rata based upon the percentage of the Over-allotment Option exercised) such that immediately following such forfeiture, the Subscriber (and any such transfereesall other initial stockholders prior to the IPO, if any) will own an aggregate number of Shares equal to 20% of the issued and outstanding Common Stock common stock shares immediately following the IPO.
Appears in 2 contracts
Samples: Securities Subscription Agreement (AdMY Technology Group, Inc.), dMY Technology Group, Inc. VI
Partial or No Exercise of the Over-allotment Option. In the event the Over-allotment Option granted to the underwriters of the IPO is not exercised in full, the Subscriber acknowledges and agrees that it (or, if applicable, it and any transferees of Shares) shall forfeit any and all rights to such number of Shares (up to an aggregate of 1,500,000 Shares and pro rata based upon the percentage of the Over-allotment Option exercised) such that immediately following such forfeiture, the Subscriber (and any such transfereesall other initial stockholders prior to the IPO, if any) will own an aggregate number of Shares equal to 20% of the issued and outstanding Common Stock Shares immediately following the IPO.
Appears in 2 contracts
Samples: Securities Subscription Agreement (Logistics Innovation Technologies Corp.), Flying Eagle Acquisition Corp.
Partial or No Exercise of the Over-allotment Option. In the event the Over-allotment Option granted to the underwriters of the IPO is not exercised in full, the Subscriber acknowledges and agrees that it (or, if applicable, it and any transferees of Shares) shall forfeit any and all rights to such number of Shares (up to an aggregate of 1,500,000 937,500 Shares and pro rata based upon the percentage of the Over-allotment Option exercised) such that immediately following such forfeiture, the Subscriber (and any such transfereesall other initial stockholders prior to the IPO, if any) will own an aggregate number of Shares equal to 20% of the issued and outstanding Common Stock Shares immediately following the IPO.
Appears in 2 contracts
Samples: Securities Subscription Agreement (dMY Technology Group, Inc. IV), Securities Subscription Agreement (dMY Technology Group, Inc. III)
Partial or No Exercise of the Over-allotment Option. In the event the Over-allotment Option granted to the underwriters of the IPO is not exercised in full, the Subscriber acknowledges and agrees that it (or, if applicable, it and any transferees of Shares) shall forfeit any and all rights to such number of Shares (up to an aggregate of 1,500,000 1,312,500 Shares and pro rata based upon the percentage of the Over-allotment Option exercised) such that immediately following such forfeiture, the Subscriber (and any such transferees) will own an aggregate number of Shares equal to 20% of the issued and outstanding Common Stock immediately following the IPO.
Appears in 2 contracts
Samples: Federal Street Acquisition Corp., Federal Street Acquisition Corp.
Partial or No Exercise of the Over-allotment Option. In the event the Over-allotment Option granted to the underwriters of the IPO is not exercised in full, the Subscriber acknowledges and agrees that it (or, if applicable, it and any transferees of Shares) shall forfeit any and all rights to such number of Shares (up to an aggregate of 1,500,000 937,500 Shares and pro rata based upon the percentage of the Over-allotment Option exercised) such that immediately following such forfeiture, the Subscriber (and any such transfereesall other initial stockholders prior to the IPO, if any) will own an aggregate number of Shares equal to twenty percent (20% %) of the issued and outstanding Common Stock immediately following the IPO.
Appears in 1 contract
Samples: Securities Subscription Agreement (Ocean Drive Acquisition Corp.)
Partial or No Exercise of the Over-allotment Option. In the event the Over-allotment Option granted to the underwriters of the IPO is not exercised in full, the Subscriber acknowledges and agrees that it (or, if applicable, it and any transferees of Shares) shall forfeit any and all rights to such number of Shares (up to an aggregate of 1,500,000 937,500 Shares and pro rata based upon the percentage of the Over-allotment Option exercised) such that immediately following such forfeiture, the Subscriber (and any such transferees) will own an aggregate number of Shares equal to 20% of the issued and outstanding Common Stock immediately following the IPO.
Appears in 1 contract
Samples: BharCap Acquisition Corp.
Partial or No Exercise of the Over-allotment Option. In the event the Over-allotment Option granted to the underwriters of the IPO is not exercised in full, the Subscriber acknowledges and agrees that it (or, if applicable, it and any transferees of Shares) shall forfeit any and all rights to such number of Shares (up to an aggregate of 1,500,000 1,125,000 Shares and pro rata based upon the percentage of the Over-allotment Option exercised) such that immediately following such forfeiture, the Subscriber (and any such transferees) will own an aggregate number of Class B Ordinary Shares will equal to 20% of the issued and outstanding Common Stock Ordinary Shares immediately following the IPO.
Appears in 1 contract
Samples: Angel Pond Holdings Corp
Partial or No Exercise of the Over-allotment Option. In the event the Over-allotment Option granted to the underwriters of the IPO is not exercised in full, the Subscriber acknowledges and agrees that it (or, if applicable, it and any transferees of Shares) shall forfeit any and all rights to such number of Shares (up to an aggregate of 1,500,000 Shares and pro rata based upon the percentage of the Over-allotment Option exercised) such that immediately following such forfeiture, the Subscriber (and any such transferees) will own an aggregate number of Class B Ordinary Shares will equal to 20% of the issued and outstanding Common Stock Ordinary Shares immediately following the IPO.
Appears in 1 contract
Samples: Artius Acquisition Inc.
Partial or No Exercise of the Over-allotment Option. In the event the Over-allotment Option granted to the underwriters of the IPO is not exercised in full, the Subscriber acknowledges and agrees that it (or, if applicable, it and any transferees of Shares) shall forfeit any and all rights to such number of Shares (up to an aggregate of 1,500,000 562,500 Shares and pro rata based upon the percentage of the Over-allotment Option exercised) such that immediately following such forfeiture, the Subscriber (and any such transfereesall other initial shareholders prior to the IPO, if any) will own an aggregate number of Shares equal to 20% of the issued and outstanding Common Stock Shares immediately following the IPO.
Appears in 1 contract
Samples: Graf Acquisition Corp. IV
Partial or No Exercise of the Over-allotment Option. In the event the Over-allotment Option granted to the underwriters of the IPO is not exercised in full, the Subscriber acknowledges and agrees that it (or, if applicable, it and any transferees of Shares) shall forfeit any and all rights to such number of Shares (up to an aggregate of 1,500,000 825,000 Shares and pro rata based upon the percentage of the Over-allotment Option exercised) such that immediately following such forfeiture, the Subscriber (and any such transfereesall other initial shareholders prior to the IPO, if any) will own an aggregate number of Shares equal to 20% of the issued and outstanding Common Stock Shares immediately following the IPO.
Appears in 1 contract
Samples: Securities Subscription Agreement (Netfin Acquisition Corp.)
Partial or No Exercise of the Over-allotment Option. In the event the Over-allotment Option granted to the underwriters of the IPO is not exercised in full, the Subscriber acknowledges and agrees that it (or, if applicable, it and any transferees of Shares) shall forfeit any and all rights to such number of Shares (up to an aggregate of 1,500,000 600,750 Shares and pro rata based upon the percentage of the Over-allotment Option exercised) such that immediately following such forfeiture, the Subscriber (and any such transferees) will own an aggregate number of Shares equal to 2016.02% of the issued and outstanding Common Stock immediately following the IPO.
Appears in 1 contract
Samples: First Light Acquisition Group, Inc.
Partial or No Exercise of the Over-allotment Option. In the event the Over-allotment Option granted to the underwriters of the IPO is not exercised in full, the Subscriber acknowledges and agrees that it (or, if applicable, it and any transferees of Shares) shall forfeit any and all rights to such number of Shares (up to an aggregate of 1,500,000 843,750 Shares and pro rata based upon the percentage of the Over-allotment Option exercised) such that immediately following such forfeiture, the Subscriber (and any such transfereesall other initial stockholders prior to the IPO, if any) will own an aggregate number of Shares equal to 20% of the issued and outstanding Common Stock common shares immediately following the IPO.
Appears in 1 contract
Samples: FG New America Acquisition Corp.
Partial or No Exercise of the Over-allotment Option. In the event the Over-allotment Option granted to the underwriters of the IPO is not exercised in full, the Subscriber acknowledges and agrees that it (or, if applicable, it and any transferees of Shares) shall forfeit any and all rights to such number of Shares (up to an aggregate of 1,500,000 1,875,000 Shares and pro rata based upon the percentage of the Over-allotment Option exercised) such that immediately following such forfeiture, the Subscriber (and any such transfereesall other initial shareholders prior to the IPO, if any) will own an aggregate number of Shares equal to 20% of the issued and outstanding Common Stock Shares immediately following the IPO.
Appears in 1 contract
Samples: RedBall Acquisition Corp.
Partial or No Exercise of the Over-allotment Option. In the event the Over-allotment Option granted to the underwriters of the IPO is not exercised in full, the Subscriber acknowledges and agrees that it (or, if applicable, it and any transferees of Shares) shall forfeit any and all rights to such number of Shares (up to an aggregate of 1,500,000 900,000 Shares and pro rata based upon the percentage of the Over-allotment Option exercised) such that immediately following such forfeiture, the Subscriber (and any such transferees) will own an aggregate number of Shares equal to 20% of the issued and outstanding Common Stock immediately following the IPO.
Appears in 1 contract
Samples: Gores Technology Partners, Inc.
Partial or No Exercise of the Over-allotment Option. In the event the Over-allotment Option granted to the underwriters of the IPO is not exercised in full, the Subscriber acknowledges and agrees that it (or, if applicable, it and any transferees of Shares) shall forfeit any and all rights to such number of Shares (up to an aggregate of 1,500,000 750,000 Shares and pro rata based upon the percentage of the Over-allotment Option exercised) such that immediately following such forfeiture, the Subscriber (and any such transfereesall other initial stockholders prior to the IPO, if any) will own an aggregate number of Shares equal to 20% of the issued and outstanding Common Stock common stock shares immediately following the IPO.
Appears in 1 contract
Samples: Direct Selling Acquisition Corp.
Partial or No Exercise of the Over-allotment Option. In the event the Over-allotment Option granted to the underwriters of the IPO is not exercised in full, the Subscriber acknowledges and agrees that it (or, if applicable, it and any transferees of Shares) shall forfeit any and all rights to such number of Shares (up to an aggregate of 1,500,000 562,500 Shares and pro rata based upon the percentage of the Over-allotment Option exercised) such that immediately following such forfeiture, the Subscriber (and any such transfereesall other initial stockholders prior to the IPO, if any) will own an aggregate number of Shares equal to 20% of the issued and outstanding Common Stock Shares immediately following the IPO.
Appears in 1 contract
Samples: Securities Subscription Agreement (Artemis Strategic Investment Corp)
Partial or No Exercise of the Over-allotment Option. In the event the Over-allotment Option granted to the underwriters underwriter[s] of the IPO is not exercised in full, the Subscriber acknowledges and agrees that it (or, if applicable, it and any transferees of Shares) shall forfeit any and all rights to such number of Shares (up to an aggregate of 1,500,000 not more than 750,000 Shares and pro rata based upon the percentage of the Over-allotment Option exercised) such that immediately following such forfeiture, the Subscriber (and any such transferees) will own an aggregate number of Class B Ordinary Shares will equal to 20% of the issued and outstanding Common Stock Ordinary Shares immediately following the IPO.
Appears in 1 contract
Samples: TLGY Acquisition Corp
Partial or No Exercise of the Over-allotment Option. In the event the Over-Over- allotment Option granted to the underwriters of the IPO is not exercised in full, the Subscriber acknowledges and agrees that it (or, if applicable, it and any transferees of Shares) shall forfeit any and all rights to such number of Shares (up to an aggregate of 1,500,000 937,500 Shares and pro rata based upon the percentage of the Over-allotment Option exercised) such that immediately following such forfeiture, the Subscriber (and any such transfereesall other initial stockholders prior to the IPO, if any) will own an aggregate number of Shares equal to 20% of the issued and outstanding Common Stock Shares immediately following the IPO.
Appears in 1 contract
Partial or No Exercise of the Over-allotment Option. In the event the Over-allotment Option granted to the underwriters underwriter of the IPO is not exercised in full, the Subscriber acknowledges and agrees that it (or, if applicable, it and any transferees of Shares) shall forfeit any and all rights to such number of Shares (up to an aggregate of 1,500,000 1,125,000 Shares and pro rata based upon the percentage of the Over-allotment Option exercised) such that immediately following such forfeiture, the Subscriber (and any such transferees) will own an aggregate number of Shares equal to 20% of the issued and outstanding Common Stock immediately following the IPO.
Appears in 1 contract
Samples: Gores Holdings VIII Inc.
