Examples of SPAC in a sentence
Purchaser understands that the Company has no present intention of registering the Shares, the Preferred Shares or any shares of its Common Stock until the Company completes its merger with a US listed SPAC.
SPAC shall have received a certificate to such effect dated the Closing Date and executed by a duly authorized officer of the Company.
Sponsor hereby waives, subject to, and conditioned upon, the occurrence of the Closing, its right to an adjustment of the Conversion Ratio (as defined in Article 37 of the SPAC Articles) with respect to any conversion of its SPAC Class B Ordinary Share in connection with the Transactions.
The undersigned further acknowledges that, as described in SPAC’s prospectus relating to its initial public offering dated May 9, 2022 available at xxx.xxx.xxx, substantially all of SPAC’s assets consist of the cash proceeds of SPAC’s initial public offering and private placements of its securities, and substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of SPAC, its public stockholders and the underwriters of SPAC’s initial public offering.
Acceptance Fee payable at time of Trust Agreement execution Trustee - Administration Fee $______ per annum For review and execution of SPAC trust agreement, including KYC review and onboarding; reporting; investment management of SPAC proceeds; dissolution of SPAC trust and distribution of proceeds to transfer agent and/or investors; and other ongoing administrative services as required.