SPAC Units. At the SPAC Merger Effective Time, each SPAC Unit that is outstanding immediately prior to the SPAC Merger Effective Time shall be automatically separated and the holder thereof shall be deemed to hold one share of SPAC Class A Common Stock, one SPAC Warrant, and one SPAC Right in accordance with the terms of the applicable SPAC Unit, which underlying securities of SPAC shall be adjusted in accordance with the applicable terms of this Section 2.3(g).
Appears in 2 contracts
Sources: Merger Agreement (RF Acquisition Corp.), Merger Agreement (RF Acquisition Corp.)
SPAC Units. At the SPAC Merger Effective Time, each SPAC Unit that is outstanding immediately prior to the SPAC Merger Effective Time shall be automatically separated detached and the holder thereof shall be deemed to hold one share of SPAC Class A Common Stock, one SPAC Warrant, Stock and one SPAC Right in accordance with the terms of the applicable SPAC Unit, which underlying securities of SPAC shall be adjusted in accordance with the applicable terms of this Section 2.3(g2.3(g)(i).
Appears in 2 contracts
Sources: Agreement and Plan of Merger (Pacifico Acquisition Corp.), Merger Agreement (Pacifico Acquisition Corp.)
SPAC Units. At the SPAC Merger Effective Time, each SPAC Unit that is outstanding immediately prior to the SPAC Merger Effective Time shall be automatically separated detached and the holder thereof shall be deemed to hold one share of SPAC Class A Common Stock, one SPAC Warrant, Stock and one SPAC Right in accordance with the terms of the applicable SPAC Unit, which underlying securities of SPAC shall be adjusted in accordance with the applicable terms of this Section 2.3(g2.3(f)(i).
Appears in 1 contract
Sources: Business Combination Agreement (Mountain Crest Acquisition Corp. V)
SPAC Units. At the SPAC Merger Effective Time, (i) each issued and outstanding SPAC Public Unit that is outstanding immediately prior to the SPAC Merger Effective Time shall be automatically separated detached and the holder thereof shall be deemed to hold one share of SPAC Class A Common Stock, one SPAC Warrant, Public Warrant and one SPAC Right Right, in each case in accordance with the terms of the applicable SPAC Unit, which underlying securities of SPAC Securities shall be adjusted converted in accordance with the applicable terms of this Section 2.3(g)2.2 below.
Appears in 1 contract
Sources: Business Combination Agreement (WinVest Acquisition Corp.)
SPAC Units. At the SPAC Merger Effective Time, each SPAC Unit that is outstanding immediately prior to the SPAC Merger Effective Time shall be automatically separated detached and the holder thereof shall be deemed to hold one share of SPAC Class A Common Stock, Stock and one-third of one SPAC Warrant, and one SPAC Right Warrant in accordance with the terms of the applicable SPAC Unit, which underlying securities of SPAC shall be adjusted in accordance with the applicable terms of this Section 2.3(g2.3(g)(i).
Appears in 1 contract