September 6, 2019 UTXO Acquisition Inc. Chicago, IL 60601 Re: Initial Public Offering Ladies and Gentlemen:Letter Agreement • November 27th, 2019 • UTXO Acquisition Inc. • Blank checks
This letter (this “Letter Agreement”) is being delivered to you in accordance with the Underwriting Agreement (the “Underwriting Agreement”) entered into by and among UTXO Acquisition Inc., a Delaware corporation (the “Company”), and Univest Securities, LLC, as representative (the “Representative” or “Underwriter”), relating to an underwritten initial public offering (the “Public Offering”), of 5,000,000 of the Company’s units (including up to 750,000 units that may be purchased to cover over-allotments, if any) (the “Units”), each comprised of one share of the Company’s Class A common stock, par value $0.0001 per share (the “Common stock”), one-half of one redeemable warrant and one right. Each whole warrant (each, a “Warrant”) entitles the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share, subject to adjustment. Each right (each, a “Right”) entitles the holder to receive one-tenth (1/10) of one (1) share of Class A common stock upon consummat
