Common use of Redeeming SPAC Shares Clause in Contracts

Redeeming SPAC Shares. Each Redeeming SPAC Share issued and outstanding immediately prior to the Merger Effective Time shall automatically be cancelled and cease to exist and shall thereafter represent only the right to be paid the SPAC Redemption Price.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Blue World Holdings LTD), Agreement and Plan of Merger (Blue World Acquisition Corp)

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Redeeming SPAC Shares. Each Redeeming SPAC Share issued and outstanding immediately prior to the Merger First Effective Time shall automatically be cancelled and cease to exist and shall thereafter represent only the right of the holder thereof to be paid a pro rata share of the SPAC Shareholder Redemption PriceAmount in accordance with the SPAC Charter.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (L Catterton Asia Acquisition Corp), Agreement and Plan of Merger (L Catterton Asia Acquisition Corp)

Redeeming SPAC Shares. Each Redeeming SPAC Share issued and outstanding immediately prior to the Merger First Effective Time shall automatically be cancelled and cease to exist and shall thereafter represent only the right of the holder thereof to be paid a pro rata share of the SPAC Shareholder Redemption PriceAmount in accordance with SPAC’s Charter.

Appears in 2 contracts

Samples: Agreement and Plan of Merger, Agreement and Plan of Merger (COVA Acquisition Corp.)

Redeeming SPAC Shares. Each Redeeming SPAC Share issued and outstanding immediately prior to the SPAC Merger Effective Time shall automatically be cancelled and cease to exist and shall thereafter represent only the right to be paid a pro rata share of the SPAC Shareholder Redemption PriceAmount in accordance with the SPAC Formation Document.

Appears in 1 contract

Samples: Business Combination Agreement (Project Energy Reimagined Acquisition Corp.)

Redeeming SPAC Shares. Each Redeeming SPAC Share issued and outstanding immediately prior to the First Merger Effective Time shall automatically be cancelled and cease to exist and shall thereafter represent only the right of the holder thereof to be paid a pro rata share of the SPAC Shareholder Redemption PriceAmount in accordance with the SPAC Charter.

Appears in 1 contract

Samples: Business Combination Agreement (SK Growth Opportunities Corp)

Redeeming SPAC Shares. Each Redeeming SPAC Share subject to the SPAC Shareholder Redemption issued and outstanding immediately prior to the Merger Effective Time shall automatically be cancelled and cease to exist and shall thereafter represent only the right to be paid a pro rata share of the SPAC Shareholder Redemption Priceamount in accordance with the SPAC Articles of Association.

Appears in 1 contract

Samples: Business Combination Agreement (Israel Acquisitions Corp)

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Redeeming SPAC Shares. Each Redeeming SPAC Share issued and outstanding immediately prior to the Merger Effective Time shall automatically be cancelled and cease to exist and shall thereafter represent only the right to be paid a pro rata share of the SPAC Shareholder Redemption PriceAmount in accordance with the SPAC Charter.

Appears in 1 contract

Samples: Business Combination Agreement (APx Acquisition Corp. I)

Redeeming SPAC Shares. Each Redeeming SPAC Share issued and outstanding immediately prior to the Initial Merger Effective Time shall automatically be cancelled and cease to exist and shall thereafter represent only the right to be paid a pro rata share of the SPAC Shareholder Redemption PriceAmount in accordance with SPAC’s Charter.

Appears in 1 contract

Samples: Business Combination Agreement (Prenetics Global LTD)

Redeeming SPAC Shares. Each Redeeming SPAC Share issued and outstanding immediately prior to the First Merger Effective Time shall automatically be cancelled and cease to exist and shall thereafter represent only the right to be paid a pro rata share of the SPAC Shareholder Redemption PriceAmount in accordance with SPAC’s Charter.

Appears in 1 contract

Samples: Business Combination Agreement (YishengBio Co., LTD)

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