Class A Ordinary Share definition
Examples of Class A Ordinary Share in a sentence
The Company hereby agrees that until the consummation of a Business Combination, it shall not issue any Class A Ordinary Shares, or any options or other securities convertible into any Class A Ordinary Share, or any preferred shares or other securities of the Company which participate in any manner in the Trust Account or which vote as a class with the Class A Ordinary Shares on a Business Combination.
During the Restriction Period (defined below), without the prior written consent of the Lender, except for any Exempt Issuance (as defined below), neither the Maker nor any Subsidiary shall, directly or indirectly, issue, enter into any agreement to issue or announce the issuance or proposed issuance of any Class A Ordinary Shares, Class A Ordinary Share Equivalents, Class B Ordinary Shares or Class B Ordinary Shares Equivalents (each, a “Subsequent Placement”).
A fraction of a Class A Ordinary Share shall entitle its holder to an equivalent fraction of one (1) vote, and a fraction of a Class B Ordinary Share shall entitle its holder to an equivalent fraction of ten (10) votes.
Each SPAC Right (which, for the avoidance of doubt, includes the SPAC Rights held as a result of the Unit Separation) outstanding immediately prior to the Initial Merger Effective Time shall cease to be a right with respect to SPAC Common Stock and be assumed by PubCo and converted into a right to purchase one PubCo Class A Ordinary Share (each, a “PubCo Right”).
In an Exchange Event where the Company is not the surviving entity, each holder of a Right must affirmatively convert its Right in order to receive one eighth (1/8) of one Class A Ordinary Share upon consummation of the Exchange Event, unless such requirement is otherwise waived by the Company.