Warrant Tender Offer means the offer by Quinpario to purchase up to 9,200,000 of its public warrants, subject to certain conditions, at a purchase price of $0.75 per public warrant in a proposed tender offer that would commence sometime after the filing of this preliminary proxy statement and will expire prior to the consummation of the Business Combination.
The Warrant Tender Offer will be consummated, if at all, upon the consummation of the Business Combination.
The Infinity Funds deposited an aggregate of $3,450,000 with Continental Stock Transfer & Trust Company into a segregated escrow account (representing $0.60 per warrant for up to 5,750,000 warrants) to fund the Warrant Tender Offer.
The Infinity Funds will commence the Warrant Tender Offer in connection with the Business Combination after the commencement of the Offer.
The Warrant Tender Offer shall be conducted pursuant to the applicable tender offer rules under the Exchange Act and promulgated by the SEC.
The Sponsors may, without the consent of, but with prior notice to, the Company, extend the Warrant Tender Offer for any period required by any rule, regulation or interpretation of the SEC or its staff applicable to the Warrant Tender Offer.