SPAC Closing definition

SPAC Closing means the completion of the transactions contemplated by the business combination agreement and plan of reorganization entered into between Decarbonization Plus Acquisition Corporation III, a Delaware corporation (“DCRC”), DCRC Merger Sub Inc., a Delaware corporation and wholly owned subsidiary of DCRC, and Solid Power, Inc., a Colorado corporation, on June 15, 2021, as hereinafter may be amended by the parties thereto in accordance with its terms.
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SPAC Closing means the closing of the Business Combination.
Sample 1
SPAC Closing means the raising of at least Sixty-Five Million ($65,000,000.00) through a SPAC traded on the American Stock Exchange.
Sample 1

Examples of SPAC Closing in a sentence

  • For clarity, the SPAC Closing shall not constitute a Change in Control under the Plan.

  • The SPAC Closing Statement and each component thereof shall be prepared and calculated in accordance with the definitions contained in this Agreement.

  • Any amounts funded by the Sponsor to the SPAC under a Drawdown Request shall not accrue interest and shall be promptly repaid by the SPAC to the Sponsor upon the De- SPAC Closing.

  • In connection with the the De- SPAC Closing, the Company shall enter into a registration rights agreement with the Investor in substantially the same form as (and for the avoidance of doubt, shall be no less favorable than) any registration rights agreement by and between the SPAC and Perception Capital Partners II LLC, a Delaware limited liability company, who is the sponsor of the SPAC.

  • If the SPAC Closing does not occur for any reason, or any Purchaser elects to not convert all of the outstanding principal of such Purchaser’s Note, then each such Purchaser receives no Earn-out Shares.

  • SPAC shall have delivered to the Company a fully executed version of the SPAC Closing Date Certificate.

  • The Company, and after the SPAC Closing, Black Ridge, will rely on Purchaser’s representations herein as a basis for exemptions from the Securities Act’s registration requirements.

  • Prior to the Closing, the Company shall have an opportunity to review the SPAC Closing Statement and discuss such statement with the persons responsible for its preparation, and SPAC shall reasonably cooperate with the Company in good faith to timely respond to any questions and consider in good faith any comments regarding the SPAC Closing Statement.

  • For the avoidance of doubt, if SPAC Closing Cash is equal to or more than $40,000,000, there shall be no Forfeited Shares.

  • For the avoidance of doubt, if SPAC Closing Cash is equal to or more than $20,000,000, there shall be no Forfeited Dividends.


More Definitions of SPAC Closing

SPAC Closing means the consummation of the Contemplated Transaction;
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SPAC Closing has the meaning set forth in the Subscription Agreement.
Sample 1

Related to SPAC Closing

  • Second Closing has the meaning set forth in Section 2.2.

  • First Closing has the meaning set forth in Section 2.1(a).

  • Put Closing shall have the meaning set forth in Section 2.3.8.

  • Subsequent Closing has the meaning set forth in Section 3.2.

  • Initial Closing shall have the meaning ascribed to such term in Section 2.1.

  • Additional Closing has the meaning set forth in Section 2.3.

  • Third Closing shall have the meaning ascribed to such term in Section 2.1(c).

  • Second Closing Date means the date of the Second Closing.

  • Put Closing Date shall have the meaning set forth in Section 2.3.8.

  • IPO Closing means the initial closing of the sale of the Class A Common Stock in the IPO.

  • Option Closing Date shall have the meaning ascribed to such term in Section 2.2(c).

  • Acquisition Closing Date means the “Closing Date” as defined in the Acquisition Agreement.

  • Target Closing Date means three (3) Business Days following receipt of the Approval and Vesting Order, or such other date as the Parties may agree.

  • Option Closing means the closing of the purchase and sale of the Option Shares pursuant to Section 2.2.

  • Plant closing means the closing of a plant site or other corporate location that directly results in termination of the Grantee’s Service.

  • Subsequent Closing Date means, with respect to each Subsequent Closing, the date on which such Subsequent Closing is deemed to have occurred.

  • Final Closing means the last closing under the Private Placement;

  • Third Closing Date has the meaning set forth in Section 2.2(c).

  • First Closing Date shall refer to the time and date of delivery of certificates for the Firm Shares and such Optional Shares). Any such time and date of delivery, if subsequent to the First Closing Date, is called an “Option Closing Date,” shall be determined by the Representatives and shall not be earlier than three or later than five full business days after delivery of such notice of exercise. If any Optional Shares are to be purchased, each Underwriter agrees, severally and not jointly, to purchase the number of Optional Shares (subject to such adjustments to eliminate fractional shares as the Representatives may determine) that bears the same proportion to the total number of Optional Shares to be purchased as the number of Firm Shares set forth on Schedule A opposite the name of such Underwriter bears to the total number of Firm Shares. The Representatives may cancel the option at any time prior to its expiration by giving written notice of such cancellation to the Company.

  • Initial Closing Date shall have the meaning assigned to such term in Section 1.2 hereof.

  • Closing has the meaning set forth in Section 2.2.

  • Additional Closing Date has the meaning set forth in Section 3.

  • Merger Closing Date the Closing Date (as defined in the Merger Agreement).

  • Applicable Closing Date Has the meaning specified in Section 5.01(b) of this Trust Supplement.

  • Original Closing Date means the "Closing Date" as defined in the Existing Credit Agreement.

  • Series Closing Date means the date designated as such in the Series Term Sheet.