Examples of Domestication Common Stock in a sentence
The table below shows the potential impact of redemptions on the pro forma book value per share of Domestication Common Stock that will be outstanding immediately after the Closing.
This scenario assumes that all Motive Class A Shares are redeemed and the $68.5 million received as proceeds from the PIPE Investment and $140 million received as proceeds from the A&R FPA Investment are sufficient to satisfy the $208.5 million Minimum Cash Condition.The foregoing table is provided for illustrative purposes only and there can be no assurance that the Domestication Common Stock will trade at the illustrative per share values set forth therein, regardless of the levels of redemption.
Includes both vested and unvested Forge options and Forge warrants, which upon closing of the Merger will be converted into options and warrants to acquire Domestication Common Stock.
To consider and vote upon a proposal to approve and adopt by ordinary resolution the Agreement and Plan of Merger, dated as of September 13, 2021 (the “Merger Agreement”), by and among Motive, Merger Sub, and Forge, a copy of which is attached to this proxy statement/prospectus as Annex A, and the transactions contemplated thereunder, including the Merger and the issuance of shares of Domestication Common Stock pursuant to the Merger Agreement.
Includes approximately 15.1 million vested and unvested Forge options and Forge warrants, which upon closing of the Merger will be converted into options and warrants to acquire Domestication Common Stock.
The exercise prices for the Motive Private Warrants are in excess of both the deemed value of $10.00 per share of Domestication Common Stock under the Merger Agreement and all trading prices of Motive Common Stock since Motive’s initial public offering, and would have no value if exercised currently,and the Motive Private Warrants do not currently trade on any exchange.
One whole warrant entitles the holder thereof to purchase one share of Domestication Common Stock at a price of $11.50 per share.
Immediately after the Domestication, but before Company Merger I (as defined below), New Holley will issue 24,000,000 shares of Domestication Common Stock at $10.00 per share to those certain investors (“PIPE Investors”) pursuant to those certain subscription agreements, dated as of March 11, 2021, between Empower, on the one hand, and PIPE Investors, on the other hand (collectively, the “PIPE Subscription Agreements”), for aggregate consideration equal to $240 million (the “PIPE Investment”).
Acceptance of these Terms is tantamount to acceptance by the Partner of the provisions of the preceding sentence.
Each of the then issued and outstanding Empower Units, including such Empower Units issued in connection with Empower’s initial public offering, that have not been previously separated into the underlying Empower Class A Shares and underlying Empower Public Warrant, upon the request of the holder thereof (the “Empower Units”), will be separated and will entitle the holder thereof to one share of Domestication Common Stock and one-third of one Domestication Public Warrant.