SPAC Class B Shares definition

SPAC Class B Shares means the Class B ordinary shares of a par value of $0.0001 in the share capital of SPAC.

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SPAC Class B Shares means, at all times prior to the Effective Time, shares of the SPAC’s Class B common stock, par value $0.0001 per share.

SPAC Class B Shares means the class B shares in the capital of the SPAC.

Examples of SPAC Class B Shares in a sentence

Prior to such time, Sponsor shall cause to be surrendered to SPAC any certificates representing the SPAC Class B Shares, duly endorsed for transfer or accompanied by a duly executed stock transfer instrument reasonably acceptable to the Parties hereto.
Subject to provisions of Schedule II attached hereto, Sponsor hereby agrees that, immediately prior to the Closing, Sponsor shall irrevocably forfeit and surrender 2,933,333 SPAC Class B Shares to SPAC (the “Sponsor Forfeited Shares”) for no consideration as a contribution to the capital of SPAC and shall take any other action requested by Holdco or the Company to evidence such forfeiture and surrender.
Sponsor here agrees that, pursuant to Section 3.01(a) of the Business Combination Agreement, one day prior to the SPAC Effective Time, all SPAC Class B Shares (but excluding Sponsor Forfeited Shares) held by Sponsor will be automatically converted into SPAC Class A Shares, on a one-for-one basis, in accordance with the terms of the Governing Documents of the SPAC.

More Definitions of SPAC Class B Shares

SPAC Class B Shares means Class B common stock of SPAC, with a par value $0.0001 per share.

SPAC Class B Shares means (a) the SPAC Class A Shares issued upon the conversion of the Class B ordinary shares of a par value of $0.0001 in the share capital of SPAC (the “Original SPAC Class B Shares”) as of the date of this Agreement and (b) the Original SPAC Class B Share held by the Sponsor; provided, however, that any reference in this Agreement or any Ancillary Document to “SPAC Class B Shares” which is made as of “the date of this Agreement” or “the date hereof” or words of like import, “SPAC Class B Shares” shall mean the Original SPAC Class B Shares.”.

SPAC Class B Shares shall have the meaning set forth in Section 5.2(a).

SPAC Class B Shares means (a) for all periods prior to the Domestication, Class B ordinary shares of SPAC, par value $0.0001 per share, authorized under the SPAC Articles, and (b) for all periods from and after the Domestication, Class B common shares of SPAC, par value $0.0001 per share, authorized under the SPAC Domestication Articles.

SPAC Class B Shares is defined in Section 5.02(a).

SPAC Class B Shares means the shares of SPAC’s Class B common stock, par value $0.0001 per share;