VWAP Reset. If the VWAP of the Ordinary Shares for the twenty trading day period commencing on the date that is one year after the Closing Date (the “Measurement Price”) is less than the Exercise Price then in effect, then the Exercise Price then in effect shall be reduced in a one-time downward adjustment to an amount equal to the greater of (i) the Measurement Price and (ii) $6.50 (subject to Equitable Adjustment).
Appears in 2 contracts
Sources: Business Combination Agreement (Maywood Acquisition Corp.), Business Combination Agreement (Maywood Acquisition Corp.)
VWAP Reset. If the VWAP of the Ordinary Shares for the twenty trading day period commencing on the date that is one year six months after the Closing Date (the “Measurement Price”) is less than the Exercise Price then in effect, then the Exercise Price then in effect shall be reduced in a one-time downward adjustment to an amount equal to the greater of (i) the Measurement Price and (ii) $6.50 5.00 (subject to Equitable Adjustment).
Appears in 1 contract
Sources: Security Agreement (Inflection Point Acquisition Corp. III)