Examples of A&R FPA in a sentence
This scenario assumes that all Motive Class A Shares are redeemed and the $68.5 million received as proceeds from the PIPE Investment and $140 million received as proceeds from the A&R FPA Investment are sufficient to satisfy the $208.5 million Minimum Cash Condition.
This scenario assumes that all Motive Class A Shares are redeemed and the $68.5 million received as proceeds from the PIPE Investment and $140 million received as proceeds from the A&R FPA Investment are sufficient to satisfy the $208.5 million Minimum Cash Condition.The foregoing table is provided for illustrative purposes only and there can be no assurance that the Domestication Common Stock will trade at the illustrative per share values set forth therein, regardless of the levels of redemption.
Moreover, in those countries where the local money is extremely valuable, the importation increases because of the exportation advantage of foreign countries.
The A&R FPA was consummated concurrently with the closing of the Merger.
Additionally, and also pursuant to the A&R FPA, on the Closing Date, the Company completed the sale of 8,672,934 shares of the Company’s common stock and 1,445,489 Backstop Warrants to the Sponsor for a purchase price of $10.00 per share and aggregate purchase price of $86.7 million in order to backstop shareholder redemptions which would have otherwise resulted in the cash proceeds available to OmniAb following the Business Combination from OmniAb’s trust account to be less than $100,000,000.
As discussed in Note 1, "Organization and Description of Business," on the Closing Date, Legacy Forge completed the acquisition of MOTV and acquired 100% of MOTV’s shares and Legacy Forge received gross proceeds of $216.4 million, which included $7.9 million in proceeds from MOTV's trust and bank accounts, net of redemptions, $68.5 million in proceeds from the PIPE Investment (as defined below), and $140.0 million in proceeds from the A&R FPA (as defined below).
A&R FPAConcurrent with the execution of the Merger Agreement, Empower amended and restated that certain Forward Purchase Agreement, dated as of October 6, 2020, by and between Empower and Empower Funding LLC, a Delaware limited liability company (the “A&R FPA Investor”, and such agreement the “A&R FPA”), whereby the parties agreed to modify certain conditions thereto with respect to the review and approval rights of certain affiliates of the A&R FPA Investor.
The determination of the fair value of derivative liabilities may be subject to change as more current information becomes available and accordingly the actual results could differ significantly; due to the recurring fair value measurement, Motive expects that it will recognize non-cash gains or losses on its warrants and/or the A&R FPA each reporting period and that the amount of such gains or losses could be material.
Assuming the PIPE Investment and A&R FPA Investment are completed, the Minimum Cash Condition will be met regardless of the level of redemptions by Motive’s shareholders.
As discussed in Note 1, "Organization and Description of Business," on the Closing Date, Legacy Forge completed the acquisition of MOTV and acquired 100% of MOTV’s shares and Legacy Forge received gross proceeds of $216.4 million, which includes $7.9 million in proceeds from MOTV's trust and bank accounts, net of redemptions, $68.5 million in proceeds from the PIPE Investment (as defined below), and $140.0 million in proceeds from the A&R FPA (as defined below).