Examples of Current Termination Date in a sentence
The Company is actively working to complete a “business combination” as defined under the Company’s charter, but the Company has not signed a definitive agreement and therefore will be unable to consummate a business combination by the Current Termination Date.
Reasons for the Proposed Charter Amendment The Company is proposing to amend its charter to extend the date by which it has to consummate a business combination from the Current Termination Date to the Extended Termination Date.
The extension payment must be made prior to the Current Termination Date.
The Company must deposit or cause to be deposited $0.05 for each public share of common stock that has not redeemed for the first month on or prior to the Current Termination Date.
However, as a result of ongoing discussions regarding such opportunities, as well as delays resulting from the COVID-19 pandemic, our board of directors has determined that it is in the best interests of our stockholdersto extend the Current Termination Date to the Extended Termination Date and provide that the date for cessation of operations of the Company if the Company has not completed a business combination would similarly be extended to the Extended Termination Date (the “Extension”).