Examples of Acquiror Unit in a sentence
Each Acquiror Unit outstanding immediately prior to the Merger Effective Time shall be automatically detached and the holder thereof shall be deemed to hold one share of Class A common stock of Acquiror, one-half of Acquiror Public Warrant, and one Acquiror Right in accordance with the terms of the applicable Acquiror Unit, which underlying Acquiror Securities shall be converted in accordance with the applicable terms of this Section 2.4 below.
Acquiror Unit, Newco Unit and the shareholders of Newco will pay their respective expenses, if any, incurred in connection with the transaction, except that expenses incurred in connection with the filing, printing and mailing of the proxy statement/prospectus will be shared equally by Oldco and Acquiror.
The basis of Newco Unit’s assets in the hands of Acquiror Unit will be the same as the basis of such assets in the hands of Newco Unit immediately before the Acquiror/Oldco Merger (§ 362(b)).
Newco will not recognize gain or loss upon the transfer of the assets of the Newco Unit to Acquiror Unit solely in exchange for Acquiror Common Stock and the assumption of liabilities by Acquiror Unit (§ 361(a) and 357(a)).
The total adjusted basis of the assets of Newco Unit transferred to Acquiror Unit will equal or exceed the sum of the liabilities assumed by Acquiror Unit.