Examples of PIPE Proceeds in a sentence
Several authors reported similar findings (Heaton, 2001; Bourn and Prescott, 2002; Lester, 2006; Theuer, 2006).
Each of the Company and IIAC acknowledge and agree that, notwithstanding anything to the contrary, the Subscription Agreement entered into in accordance with the terms of this Agreement shall constitute a part of the PIPE Financing for purposes of determining the Aggregate PIPE Proceeds under the Business Combination Agreement.
Represents the PIPE Proceeds in which 3,200,000 shares of Class A Common Stock were issued at a price of $10.00 per share and a par value of $0.0001 (see Note 2(a)(3) Cash).
This would leave behind Aggregate TopCo Transaction Proceeds of at least $550.0 million, consisting of cash in the Trust Account and the Aggregate PIPE Proceeds, to be delivered at Closing of the Business Combination and the PIPE Financing, but the SSU shareholders would receive an additional 6,000,000 TopCo Ordinary Shares and the Wiggle Sellers would receive an additional 11,533,211 TopCo Ordinary Shares in accordance with the Redemption Offset Agreement.
This would leave behind Aggregate TopCo Transaction Proceeds of at least $599.2 million, consisting of cash in the Trust Account and the Aggregate PIPE Proceeds, to be delivered at Closing of the Business Combination and the PIPE Financing.
The PIPE Proceeds shall be received by PubCo in connection therewith, and a portion of the PIPE Proceeds equal to the Blocker Cash Consideration Amount will thereafter be contributed by PubCo to Milestone Merger Sub.
Notwithstanding anything herein to the contrary, none of the PATY Common Stock issued or issuable pursuant to securities issued in exchange for the Initial PIPE Proceeds (hereinafter referred to as the “Initial PIPE Securities”) shall be considered outstanding on the Closing Date for purposes of Section 2.2(a).
For the avoidance of doubt, any cash proceeds received (or deemed received) by ARYA in respect of any amounts funded under a PIPE Subscription Agreement prior to the Closing Date shall constitute, and be taken into account for purposes of determining, the Aggregate Closing PIPE Proceeds.
This would leave behind Aggregate TopCo Transaction Proceeds of at least $550.0 million, consisting of cash in the Trust Account and the Aggregate PIPE Proceeds, to be delivered at Closing of the Business Combination and the PIPE Financing, but the SSU shareholders would receive an additional 6,000,000 TopCo Ordinary Shares and the Wiggle Sellers would receive an additional 3,000,000 TopCo Ordinary Shares in accordance with the Redemption Offset Agreement.
If (and only if) the Supplemental PIPE Proceeds are used to repay the Xxxxx Fargo Line of Credit in its entirety, any additional Supplemental PIPE Proceeds may be reserved for use by PATY to pay the Sonenshine Partners Fee (as defined in the Stockholders Agreement) and/or the Dissenter Liability (as defined in the Stockholders Agreement).