Examples of SPAC Effective Time in a sentence
This Agreement shall automatically terminate upon the earliest to occur of (i) the SPAC Effective Time and (ii) the date on which the Reorganization Agreement is terminated for any reason in accordance with its terms.
As of the SPAC Effective Time, the SPAC Shares shall cease to be outstanding and shall cease to exist, and each holder of a certificate representing any such SPAC Shares or SPAC Shares held in book entry form shall cease to have any rights with respect thereto, except the right to receive, in accordance with this Section 3.2, the SPAC Merger Consideration.
The roll of voting commissioners in each Assembly shall include no others than the Moderator and Stated Clerk of the previous Assembly, the Stated Clerk of the current Assembly, and such ministers and elders as are commissioned by the respective presbyteries in accordance with the provisions of these Standing Rules.
Each SPAC Share issued and outstanding immediately prior to the SPAC Effective Time (except for shares being cancelled pursuant to Section 3.2(a)) shall be converted into and shall for all purposes represent only the right to receive a number of validly issued, fully paid and non-assessable shares of New Starship Common Stock equal to 1.00 (the “SPAC Exchange Ratio”) (such shares referred to collectively as the “SPAC Merger Consideration”).
Each share of New Starship capital stock that is outstanding immediately prior to the SPAC Effective Time shall cease to be outstanding and shall be cancelled and shall cease to exist, and no consideration shall be delivered in exchange therefor.
It was observed that prices were mainly aligned throughout the period although an important spike of prices is observed in MIBGAS in the last days of September and the beginning of October.