public units definition
Examples of public units in a sentence
Neither the Sponsor, nor, any member of the Sponsor, including any NMSI, nor, any officer or director of the SPAC, nor any of their respective affiliates, owns of record or beneficially any other securities of the SPAC (other than any Public Units, Public Shares or Public Warrants) and none of them has any direct or indirect right to receive or acquire any additional securities of the SPAC.
Except for the aforementioned interests in the Acquired Securities being transferred to the Purchaser pursuant to this Agreement, none of the NMSI hold, directly or indirectly, any interest in any security of the SPAC other than any Public Units, Public Shares or Public Warrants, nor, does any NMSI have any right to acquire any such interest in any securities of the SPAC.
No Liens or encumbrances exist in favor of the NMSI with respect to the Acquired Securities, and following the sale of the Acquired Securities by the Sponsor to the Purchaser, the NMSI will have no further rights, claims, or interests in or to the NMSI Shares, NMSI Warrants or any other securities of the SPAC (not including Public Units, Public Shares or Public Warrants held by any NMSI).