Common use of Pxxxx Stock Clause in Contracts

Pxxxx Stock. The Company agrees that it will use commercially reasonable efforts to prevent the Company from becoming subject to Rule 419 under the Securities Act prior to the consummation of any Business Combination, including, but not limited to, using its best efforts to prevent any of the Company’s outstanding securities from being deemed to be a “pxxxx stock” as defined in Rule 3a51-1 under the Exchange Act during such period.

Appears in 39 contracts

Samples: Underwriting Agreement (Trailblazer Merger Corp I), Underwriting Agreement (Kimbell Tiger Acquisition Corp), Underwriting Agreement (Cartica Acquisition Corp)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.