PIPE Investment definition

PIPE Investment has the meaning specified in the Recitals hereto.

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PIPE Investment means the purchase of shares of Domesticated Acquiror Common Stock pursuant to the Subscription Agreements.

PIPE Investment has the meaning specified in Section 8.04(a).

Examples of PIPE Investment in a sentence

• From the date hereof until the Closing Date, SPAC and the Company shall, and shall cause their respective financial advisors and legal counsels to, keep each other and their respective financial advisors and legal counsels reasonably informed with respect to any PIPE Investment.

• At the Closing, up to $350,000 of the net proceeds of the PIPE Investment will be used to satisfy Southern’s expenses related to the transactions contemplated by the Merger Agreement, with the remaining proceeds to be used by the Company for general corporate purposes as further contemplated by Section 4(h) below.

• Also, the Parties agree that PIPE Investment Expenses shall also be allocated 50% as SPAC Transaction Expenses and 50% as Company Transaction Expenses.

• The sources of funds comprising the Minimum SPAC Cash Amount shall consist of (i) funds held by SPAC, whether inside or outside the Trust Account, (ii) funds committed under Subscription Agreements entered into in connection with the PIPE Investment, and/or (iii) such other source, or combination of sources as agreed to by the Company in writing.

• Buyer acknowledges that the Company will use the net proceeds of the PIPE Investment, other than the $350,000 contemplated by Section 4(g) to pay its ordinary course costs, including transactions costs related to the Merger Agreement, and that such funds will likely be exhausted by April, 2025.

More Definitions of PIPE Investment

PIPE Investment means the purchase of Parent A Shares pursuant to the PIPE Agreement.

PIPE Investment has the meaning set forth in Section 6.12(b).

PIPE Investment has the meaning set forth in the recitals to this Agreement.

PIPE Investment means the private placement of 5,000,000 shares of Common Stock for an aggregate of $50,000,000 in a private placement immediately prior to the Closing.

PIPE Investment means the issuance and sale of $200,000,000 of common stock in a private placement to the PIPE Investors pursuant to the Subscription Agreements;

PIPE Investment means the issuance and sale of $200,000,000 of common stock in a private placement to the PIPE Investors pursuant to the Subscription Agreements; “PIPE Investors” mean those certain investors participating in the PIPE Financing pursuant to the Subscription Agreements and the Forward Purchase Agreements; “PPP Loan” means Paycheck Protection Program Loan;

PIPE Investment means the private placement pursuant to which the PIPE Investors have made a private investment in the aggregate amount of $70,000,000 in public equity in the form of Class A common stock following the Domestication and immediately prior to the Closing on the terms and conditions set forth in the PIPE Subscription Agreements. An institutional investor that had committed to purchase an aggregate of 1,000,000 shares of Class A common stock for $10.00 per share to be included in the PIPE Investment defaulted under its subscription agreement, and failed to fund the $10,000,000 investment it had committed to make (See “Legal Proceedings”).