Combination Completion Date definition
Examples of Combination Completion Date in a sentence
The Market Warrants will become exercisable as from the Initial Business Combination Completion Date and will expire at the close of trading on Euronext Paris (5:30 p.m., Central European time) on the first business day after the fifth anniversary of the Initial Business Combination Completion Date or earlier upon (i) redemption or (ii) liquidation of the Company (the “Exercise Period”).
The Forward Purchase Warrants shall become exercisable before the anticipated Initial Business Combination Completion Date and for an amount to be determined in accordance with a specific notification procedure between the Company and the holders of the Forward Purchase Warrants.
Xavier Caïtucoli and ▇▇▇▇ ▇▇▇▇▇ and Eiffel Essentiel SLP have also advised the Company that they would participate in any issuance of new equity by the Company at or after the Initial Business Combination Completion Date in order to finance such Initial Business Combination, whether directly or indirectly, for amounts to be specified in due course.
It is recalled that the aggregate exercise price of the Forward Purchase Warrants, which may have been exercised (at the Company’s option and at the option of the holders of the Forward Purchase Warrants) prior to the anticipated Initial Business Combination Completion Date (see “Description of the Securities—Warrants—Forward Purchase Warrants”) will also be available to the Company.
Business Combination Completion Date means the date of completion of the Business Combination.
The redemption of the Market Shares is completed by the Company no later than the thirtieth (30th) calendar day following the Initial Business Combination Completion Date, or on the following business day if such date is not a business day.
Notwithstanding the foregoing, any Forward Purchase Warrant that his/her/its holder irrevocably committed to exercise and for which exercise has not been accepted by the Company will be redeemed by the Company on the Initial Business Combination Completion Date at a price of €0.01 per Forward Purchase Warrant (see “Description of the Securities—Warrants—Forward Purchase Warrants”).
In addition, the Company will use all or part of the aggregate exercise price of the Forward Purchase Warrants, which may have been exercised (at its option and at the option of the holders of the Forward Purchase Warrants) prior to the anticipated Initial Business Combination Completion Date (see “Description of the Securities—Warrants— Forward Purchase Warrants”), to pay the seller(s) of the target businesses and/or companies with which the Company will complete the Initial Business Combination.
At the same time, Davey’s right to receive Special Shares (the Davey Call Option) under a call option agreement between the Company and Davey (the Davey Call Option Agreement) will convert into a right to receive Ordinary Shares, if the Davey Call Option has not been already fully exercised by the Business Combination Completion Date for the portion not already exercised.