Treatment of SPAC Shares. (i) Each outstanding SPAC Class B Share issued and outstanding immediately prior to the Effective Time other than Excluded Shares, by virtue of the Merger and upon the terms and subject to the conditions set forth in this Agreement, shall be converted into and shall for all purposes represent only the right to receive one NewCo Common Share (the “Per Share Merger Consideration”).
Appears in 2 contracts
Samples: Business Combination Agreement (Newcourt Acquisition Corp), Business Combination Agreement
Treatment of SPAC Shares. (i) Each outstanding SPAC Class B Share issued and outstanding immediately prior to the Effective Time other than Excluded Shares, by virtue of the Merger and upon the terms and subject to the conditions set forth in this Agreement, shall be converted into and shall for all purposes represent only the right to receive one NewCo Common (1) Class A Company Ordinary Share (the “Per Share Merger Consideration”).
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Pagaya Technologies Ltd.), Agreement and Plan of Merger (EJF Acquisition Corp.)
Treatment of SPAC Shares. (i) Each outstanding share of SPAC Class B Share Stock issued and outstanding immediately prior to the Effective Time other than Excluded Shares, by virtue of the Merger and upon the terms and subject to the conditions set forth in this Agreement, shall be converted into and shall for all purposes represent only the right to receive one NewCo Common (1) Company Ordinary Share (but not any Price Adjustment Rights) (the “Per Share Merger Consideration”).
Appears in 1 contract
Samples: Business Combination Agreement (MedTech Acquisition Corp)
