Qualified SPAC Transaction Clause Samples
Qualified SPAC Transaction. Upon the closing of any Qualified SPAC Transaction (as defined in the Certificate), the Company will use reasonable best efforts to cause the rights of any Holder to request registration or inclusion of Registrable Securities in any registration pursuant to Sections 2.1, Section 2.2, Section 2.3, Section 2.4, Section 2.5, Section 2.6, Section 2.7, Section 2.8, Section 2.9, or Section 2.10 to apply mutatis mutandis to the stock of the publicly traded corporation from such Qualified SPAC Transaction as if it was an IPO hereunder.
Qualified SPAC Transaction. If the Issue Date is determined pursuant to Section 2(a)(ii), then:
(A) The Class of the Warrant Shares shall be common stock of the Company, par value $0.001 per share (the “Common Stock”);
(B) The number of Warrant Shares shall be calculated by dividing (x) the Applicable Loan Amount by (y) 85% multiplied by the value assigned to each share of Common Stock in such Qualified SPAC Transaction; and
(C) The Warrant Price per Warrant Share shall be equal to the amount provided for in clause (y) of Section 2(b)(ii)(B).
Qualified SPAC Transaction. The aggregate cash and cash commitments of the Company (including all cash and cash commitments from financing transactions prior to the Closing (which for the avoidance of doubt, includes commitments under an equity line of credit or similar), but net of Outstanding Acquiror Expenses) shall exceed $150,000,000.