Examples of SPAC Class B Stock in a sentence
All outstanding SPAC Class A Stock and SPAC Class B Stock have been duly authorized, validly issued, fully paid and are non-assessable and are not subject to, nor have been issued in violation of, any purchase option, call option, right of first refusal, preemptive right, subscription right or any similar right.
The aggregate number of Company Ordinary Shares into which shares of SPAC Class A Stock and shares of SPAC Class B Stock are converted pursuant to this Section 3.2(c) is referred to herein as the “Merger Consideration”.
As of the date of this Agreement, assuming the Unit Separation has occurred with respect to all SPAC Units, SPAC has 25,000,000 shares of SPAC Class A Stock issued and outstanding, and none are held by SPAC in its treasury, 6,250,000 shares of SPAC Class B Stock issued and outstanding and no shares of SPAC Preferred Stock issued or outstanding.
The aggregate number of Company Common Shares into which shares of SPAC Class A Stock and shares of SPAC Class B Stock are converted into pursuant to this Section 3.2(c) is referred to herein as the “Merger Consideration”.
The Sponsors, who are the holders of all of the outstanding shares of SPAC Class B Stock as of the date hereof, hereby waive any rights to anti-dilution protections with respect to the SPAC Class B Stock that may result from the PIPE Investment, including as provided in Section 4.03 of SPAC’s Amended and Restated Certificate of Incorporation, dated as of December 3, 2020 (the “SPAC Charter”).
As of the date of this Agreement, assuming the Unit Separation has occurred, SPAC has 25,640,000 shares of SPAC Class A Stock issued and outstanding, and none are held by SPAC in its treasury, 8,546,667 shares of SPAC Class B Stock issued and outstanding and no shares of SPAC Preferred Stock issued or outstanding.
The aggregate number of Target Common Shares into which shares of SPAC Class A Stock and shares of SPAC Class B Stock are converted into pursuant to this Section 3.2(c) is referred to herein as the “Merger Consideration”.
The number of Contingent Surrendered Class B Shares shall be allocated among Sponsors as determined by Sponsors at least one Business Day prior to the Closing Date; provided, that to the extent that no such determination is timely made, such allocation shall be pro rata based on the number of shares of SPAC Class B Stock held by each as of the date of this Agreement.
The shares of SPAC Class B Stock set forth on Schedule I hereto constitute all of the outstanding shares of Class B common stock of SPAC and the Sponsor Warrants set forth on Schedule I hereto constitute all of the private placement warrants of SPAC.