Examples of SPAC Warrants in a sentence
All SPAC Shares or SPAC Warrants that are owned by the SPAC or any wholly owned subsidiary of the SPAC (collectively, “SPAC Treasury Shares”) immediately prior to the SPAC Merger Effective Time, if any, shall be deemed to have been transferred to TopCo and no consideration shall be delivered or deliverable in exchange therefor.
Immediately prior to the SPAC Merger Effective Time, all outstanding SPAC Units shall automatically separate into component SPAC Class A Shares and SPAC Warrants that are each exercisable (subject to the terms thereof) for one-half of a SPAC Class A Share.
The SPAC Warrants have been validly issued, and constitute valid and binding obligations of SPAC, enforceable against SPAC in accordance with their terms, except insofar as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditors’ rights generally or the principles governing availability of equitable remedies.