Examples of SPAC Investors in a sentence
Without limiting the generality of the foregoing, EUSG and SPAC Investors hereby agree that the Prior Agreement is hereby terminated and of no further force or effect.
SPAC and the SPAC Investors hereby terminate the Prior SPAC Agreement, which shall be of no further force and effect and is hereby superseded and replaced in its entirety by this Agreement.
In the U.S., celebrities endorsed SPACs have been marketed to the public through social media and the concern is that SPAC Investors may be lured into investing in SPACs based on such endorsements.
It has been decided to accept their request and extend the prescribed period of ‘six months from the original DCCO’ to ‘one year from the original DCCO’ within which a non-infrastructure project will have to commence commercial operation for complying with the provisions of paragraph 4.2.15.4 (ii) of the MC on IRAC Norms 2012.
Siri Bulusu, “Tax Traps Await Early SPAC Investors Without Ideal Timing, Luck,” Bloomberg Tax, February 25, 2021, https://news.bloombergtax.com/daily-tax-report-international/tax-traps-await-early-spac-investors-without- ideal-timing-luck.
There has been a recent trend in the US, as SPAC listings have become more popular, for SPACs to distinguish themselves from each other through Promotes that aim to align the SPAC Promoter’s interests with those of SPAC Investors more closely.
Since SPACs have no track record of operational performance, investors reply on the experience and reputation of SPAC Promoters to decide whether or not to invest in SPACs. A skilled, experienced and reputable SPAC Promoter is more likely to be able to (i) identify a suitable and good quality De-SPAC Target, which should, in turn, attract sizeable commitments from large well-established investors; and (ii) negotiate favourable De-SPAC Transaction terms for SPAC Investors in good faith.
All of the foregoing returns are true and correct in all material respects and TouchSource has paid all taxes, interest and penalties shown on such returns or reports as being due.
Net Revenue 9.6x Pro Forma Ownership Split Existing Grab Shareholders 87.7%4 PIPE + FPA Investors 10.2% SPAC Investors 1.3% GrabForGood Fund 0.5% SPAC Founder Shares 0.3% Total 100% Note: Excludes impact of 10M warrants held by public, 4M warrants held by forward purchase agreement participants (Altimeter Hedge Fund and JS Capital) and 12M warrants held by the sponsor.
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