Class A Ordinary Share definition
Examples of Class A Ordinary Share in a sentence
Each Firm Unit consists of one Class A ordinary share of the Company, par value $0.0001 per share (the “Class A Ordinary Shares”), and one-half of one redeemable warrant (the “Warrant(s)”) to purchase one Class A Ordinary Share.
The Warrants include a “Zero Exercise Price Option” (an alternative cashless exercise mechanism) that permits holders to receive 0.3 of a Class A Ordinary Share per Warrant for no additional consideration, subject to an aggregate Warrant Cap representing 30% of the total number of Units sold in the Offering (plus any additional shares resulting from the rounding up of fractional interests) (the “Warrant Cap”).
For the avoidance of doubt, adjustments under this Section 3(a) apply only to the cash Exercise Price and to the number of Warrant Shares issuable upon a cash exercise or a standard cashless exercise under Section 2(c), and do not affect the number of shares receivable under the Zero Exercise Price Option (which remains fixed at 0.3 of a Class A Ordinary Share (rounded up to the nearest whole share) per Warrant).
For purposes of any such exercise, the determination of the Exercise Price shall be appropriately adjusted to apply to such Alternate Consideration based on the amount of Alternate Consideration issuable in respect of one Class A Ordinary Share in such Fundamental Transaction, and the Company shall apportion the Exercise Price among the Alternate Consideration in a reasonable manner reflecting the relative value of any different components of the Alternate Consideration.
Each Purchaser Ordinary Share (other than Redeeming Purchaser Shares), shall remain issued and outstanding, and be re-designated into one PubCo Class A Ordinary Share.