Potential Forfeiture. (a) If the Purchaser does not purchase at least 9.9% of the Public Shares sold by the Company in the IPO, then the Purchaser shall automatically forfeit its right to purchase any of the Initial Subscriber Founder Shares and shall forfeit all right, title or interest in, the Initial Subscriber Founder Shares;
Appears in 5 contracts
Samples: Subscription Agreement (Hennessy Capital Investment Corp. VI), Subscription Agreement (Hennessy Capital Investment Corp. VI), Subscription Agreement (Hennessy Capital Investment Corp. VI)
Potential Forfeiture. (a) If the Purchaser does not purchase at least 9.9% of the Public Shares sold by the Company in the IPO, then the Purchaser shall automatically forfeit its right to purchase any of the Initial Subscriber Founder Shares and shall forfeit all right, title or interest in, the Initial Subscriber Founder Shares;.
Appears in 2 contracts
Samples: Subscription Agreement (Hennessy Capital Investment Corp. V), Subscription Agreement (Hennessy Capital Investment Corp. V)
Potential Forfeiture. (a) If the Purchaser does not purchase at least 9.9% [9.9%]5 of the Public Shares sold by the Company in the IPO, then the Purchaser shall automatically forfeit its right to purchase any of the Initial Subscriber Founder Shares and shall forfeit all right, title or interest in, the Initial Subscriber Founder Shares;.
Appears in 1 contract
Samples: Subscription Agreement (Hennessy Capital Investment Corp. VI)
