Non-Redemption Amount definition
Non-Redemption Amount means the amount of cash or cash equivalents available after the exercise of the redemption rights of the Public Stockholders in the Closing Redemption Offer in connection with the Closing pursuant to the OAC Organizational Documents and IPO Prospectus.
Examples of Non-Redemption Amount in a sentence
Upon the Closing, the Non-Redemption Amount, after deducting any unpaid Expenses of OAC as of the Closing (whether due at, prior to or after the Closing), will be no less than $15,000,000, excluding any assets or liabilities of the Target Companies.