Common use of Redemption Rights Clause in Contracts

Redemption Rights. Buyer understands and acknowledges that if the Company's initial business combination is approved and completed, only public stockholders voting against such business combination will be entitled to convert their stock into a pro rata share of the trust account. Buyer agrees to vote any shares acquired by him, whether acquired hereby, in a subsequent offering of the Company's securities or the aftermarket, in favor of a business combination and is not entitled to redemption rights with respect to any such shares if the business combination is approved and completed.

Appears in 6 contracts

Samples: Subscription Agreement (Education Media, Inc.), Subscription Agreement (Education Media, Inc.), Subscription Agreement (Education Media, Inc.)

AutoNDA by SimpleDocs

Redemption Rights. Buyer understands and acknowledges that if the Company's ’s initial business combination is approved and completed, only public stockholders voting against such business combination will be entitled to convert their stock into a pro rata share of the trust account. Buyer agrees to vote any shares acquired by him, whether acquired hereby, in a subsequent offering of the Company's ’s securities or the aftermarket, in favor of a business combination and is not entitled to redemption rights with respect to any such shares if the business combination is approved and completed.

Appears in 3 contracts

Samples: Subscription Agreement (Education Media, Inc.), Subscription Agreement (Education Media, Inc.), Subscription Agreement (Education Media, Inc.)

Redemption Rights. Buyer understands and acknowledges that if the Company's initial business combination is approved and completed, only public stockholders voting against such business combination will be entitled to convert their stock into a pro rata share of the trust account. Buyer agrees to vote any shares acquired by himit, whether acquired hereby, in a subsequent offering of the Company's securities or the aftermarket, in favor of a business combination and is not entitled to redemption rights with respect to any such shares if the business combination is approved and completed.

Appears in 2 contracts

Samples: Subscription Agreement (Education Media, Inc.), Subscription Agreement (Education Media, Inc.)

AutoNDA by SimpleDocs

Redemption Rights. Buyer understands and acknowledges that if the Company's initial business combination is approved and completed, only public stockholders voting against such business combination will be entitled to convert their stock into a pro rata share of the trust account. Buyer agrees to vote any shares acquired by him, whether acquired hereby, in a subsequent offering of the Company's securities or the aftermarket, Shares in favor of a business combination and acknowledges that he is not entitled to redemption rights with respect to any such shares if the business combination is approved and completed.

Appears in 1 contract

Samples: Subscription Agreement (Formula Acquisition Corp.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!