Forward Purchase Share definition
Examples of Forward Purchase Share in a sentence
As provided in this Agreement, immediately prior to the Business Combination Closing, the Purchaser shall purchase no less than $50,000,000 of Forward Purchase Securities, consisting of up to 5,000,000 Forward Purchase Shares at a price of $10.00 per Forward Purchase Share, together with an aggregate of up to 1,000,000 Forward Purchase Warrants (the “Forward Purchase”).
Each Forward Purchase Share will have the same terms as each Public Share, except as provided herein.
The Company shall not issue fractional Warrants other than as part of the Units, each of which is comprised of one share of Common Stock and one-third of one Public Warrant, and the Forward Purchase Units, each of which is comprised of one Forward Purchase Share and one-third of one Forward Purchase Warrant, respectively.
As provided in this Agreement, immediately prior to the Business Combination Closing, the Purchaser shall purchase no less than 5,000,000 Forward Purchase Shares at a price of $10.00 per Forward Purchase Share (the “Forward Purchase”).
Each Forward Purchase Share will have the same terms as the private placement shares to be issued under the Private Placement Shares Purchase Agreement substantially in the form attached as Exhibit 10.6 to the Registration Statement, in connection with the IPO.
Each Committed Forward Purchase Share will have a purchase price equal to the Final Exercise Price.
As provided in this Agreement, immediately prior to the Business Combination Closing, the Purchaser shall purchase up to $25,000,000 of Forward Purchase Securities, consisting of up to 2,500,000 Forward Purchase Shares at a price of $10.00 per Forward Purchase Share, together with an aggregate of up to 833,333 Forward Purchase Warrants (the “Forward Purchase”).
Except as provided in Section 3 below, following the consummation of the Business Combination (a) each Forward Purchase Share shall have the same terms as a Public Share, (b) each Forward Purchase Warrant shall have the same terms as a Public Warrant; and (c) each Forward Purchase Unit shall have the same terms as a Public Unit except that a Forward Purchase Unit shall include only one-sixth, rather than one-third, of a Warrant.
Each Forward Purchase Security will consist of a Forward Purchase Share and a Forward Purchase Warrant, at a purchase price of $10.00 per Forward Purchase Security, or an aggregate purchase price of $30,000,000 (the “FPS Purchase Price”).
Subject to the conditions set forth in this Agreement, immediately prior to the Business Combination Closing, the Purchaser shall purchase 7,500,000 Forward Purchase Securities, consisting of 5,000,000 Forward Purchase Shares at a price of $10.00 per Forward Purchase Share, together with an aggregate of 2,500,000 Forward Purchase Warrants (the “Forward Purchase”).