Target Business definition

Target Business means the business operations of the US Target, the US Target Subsidiaries and the German Target as conducted as of the Closing Date, including the production of Target Company Products.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Target Business means a businesses or entity with whom the Company wishes to undertake a Business Combination;

Target Business means an operating businesses with whom the Company wishes to undertake a Business Combination;

Examples of Target Business in a sentence

• The Company is not required to obtain an opinion as to the fair market value if the Company’s Board of Directors independently determines that the Target Business does have sufficient fair market value.

• If the Board of Directors of the Company is not able to independently determine that the Target Business meets such fair market value requirement, the Company will obtain an opinion from an independent investment banking firm or another independent entity that commonly renders valuation opinions with respect to the satisfaction of such criteria.

• The Company agrees that the Target Business that it acquires must have a fair market value equal to at least 80% of the balance in the Trust Account (excluding any taxes) at the time of signing the definitive agreement for the Business Combination with such Target Business.

• The Company agrees that the Target Business that it acquires must have a fair market value equal to at least 80% of the assets held in the Trust Account at the time of signing the definitive agreement for the Business Combination with such Target Business (excluding taxes payable and the Deferred Underwriting Commissions).

• As of the date of this Agreement, the Company has not selected any specific Business Combination target (each a “Target Business”) and it has not, nor has anyone on its behalf, initiated any substantive discussions, directly or indirectly, with any Target Business.

More Definitions of Target Business

Target Business means all business conducted by the Target at any time prior to or following the Closing;

Target Business means the “Business” (as defined in the Acquisition Agreement).

Target Business means one or more operating businesses having its primary operations in Asia (including, without limitation, each country located in the Eastern, Southern and South Eastern subregions of Asia, but specifically excluding North Korea), which, after completion of the IPO, the Company may target for a Business Combination.

Target Business means an operating business based either in the United States or abroad that conducts business in the homeland security, national security and/or command and control industries or a business relating to the manufacture of products for use in such industries.

Target Business or “Target Businesses”), whose collective fair market value is equal to at least 80% of the balance in the Trust Fund, excluding deferred underwriting discounts and commissions of $7.5 million, or approximately $8.63 million if the underwriters’ over-allotment option is exercised in full.

Target Business means an operating business proposed to be acquired in a Business Combination.

Target Business means any operating business in the federal services and defense industries which the Company seeks to acquire in a Business Combination; and (vii) “Trust Fund” shall mean the Trust Account established under that certain Investment Management Trust Agreement, dated as of the date hereof, between the Company and Continental Stock Transfer & Trust Company.