SPAC IPO definition
Examples of SPAC IPO in a sentence
The Company, on behalf of all Stockholders, understands that the SPAC has established a trust account for the benefit of the public stockholders of the SPAC and the underwriters of the SPAC IPO pursuant to a trust agreement and that, except for a portion of the interest earned on the amounts held in the trust account, the SPAC may disburse monies from the trust account only for the purposes set forth in the applicable trust agreement.
No warrant to purchase SPAC Ordinary Shares has been issued other than those included in the SPAC Units issued in the SPAC IPO.
There has been no amendment to the letter agreement entered into by and among SPAC and Maxim Group LLC as the underwriter relating to SPAC IPO dated January 31, 2022 and such letter agreement is (i) in full force and effect and (ii) represents the legal, valid and binding obligations of SPAC and, to the knowledge of SPAC, represents the legal, valid and binding obligations of the other parties thereto.
The SPAC Sponsor shall have no other purpose other than holding the SPAC securities and activities supporting the consummation of the SPAC IPO and IBC.
If the Company is party to a SPAC, IPO or Direct Listing (a “Public Event”) and United is not provided the opportunity to make a United Investment up to and including in connection with such Public Event, then all such unvested Condition II Shares shall automatically become vested and exercisable immediately prior to, but conditioned upon, the closing of the Financing Transaction.