SPAC definition

SPAC shall have the meaning given in the Preamble.

SPAC has the meaning set forth in the Preamble.

SPAC shall have the meaning given in the Recitals hereto.

Examples of SPAC in a sentence

• SPAC shall provide a final draft of the flow of funds one business day prior to the De-SPAC Closing itemizing the return of capital due to the Investor, and Investor shall be invited and permitted to attend any closing call in connection with the De-SPAC Closing.

• SPAC is a special purpose acquisition company that closed on its initial public offering on July 19, 2021, with 24 months to complete an initial business combination (the “De-SPAC”).

• Investor acknowledges that the SPAC is a blank check company with the powers and privileges to effect a business combination and that a trust account has been established by the SPAC in connection with its initial public offering (“Trust Account”).

• Upon such repayment from the SPAC to the Sponsor, an amount equal to the Capital Contribution will be paid by the Sponsor to the Investor as a return of capital within 5 business days of the De-SPAC Closing.

• In connection with the Business Combination, SPAC will domesticate as a Delaware corporation and all of the outstanding Class A Ordinary Shares of SPAC shall be converted into Class A Common Stock.

More Definitions of SPAC

SPAC is defined in the Preamble to this Agreement.

SPAC is defined in the recitals to this Agreement.

SPAC has the meaning specified in the preamble hereto.

SPAC means a special purpose acquisition corporation whose securities are listed on Nasdaq or the New York Stock Exchange.

SPAC means a special purpose acquisition company.

SPAC means a newly formed special purpose acquisition entity, which (i) has been formed with the purpose of raising capital, (ii) has completed an initial public offering resulting in the Equity Interests of such entity being listed on a United States national securities exchange, and (iii) does not conduct any material business or maintain any material assets other than cash.

SPAC means a publicly traded special purpose acquisition company or other similar entity that is a “blank check” company under applicable U.S. securities laws.