WNNR definition
Examples of WNNR in a sentence
For purposes of this clause, it is also recognised that, under the provisions of section 15 (1) of the Merchandise Marks Act, Act No 17 of 1941 of the Republic of South Africa, the use of the abbreviation of the name of the Council for Scientific and Industrial Research, "WNNR" and CSIR , is prohibited in connection with any trade, business, profession or occupation or in connection with a trade mark, mark or trade description applied to goods, other than with the consent of the CSIR.
In the event the Sponsor or WNNR enter one or more other non-redemption agreements before or after the execution of this Agreement in connection with the Meeting, the Sponsor and WNNR represent that the terms of such other agreements are not materially more favorable to such other investors thereunder than the terms of this Agreement are in respect of the Investor.
Investor has relied upon an independent investigation of WNNR and has not relied upon any information or representations made by any third parties or upon any oral or written representations or assurances, express or implied, from the Sponsor or any representatives or agents of the Sponsor, other than as set forth in this Agreement.
WNNR further confirms that it will not utilize any funds from its Trust Account to pay any potential excise taxes that may become due pursuant to the Inflation Reduction Act of 2022 upon a redemption of the Public Shares, including, but not limited to, in connection with a liquidation of WNNR if it does not effect a business combination prior to its termination date.
WNNR agrees that the name of the investor shall not be included in any public disclosures related to this Agreement unless required by applicable law, regulation or stock exchange rule.
The foregoing shall not apply to (i) any increase or decrease in the number of authorized Founder Shares or (ii) a reclassification of the share capital of WNNR, in each case in connection with the closing of the Initial Business Combination.
If at any time the number of outstanding Founder Shares is increased or decreased by a consolidation, combination, subdivision or reclassification of the Ordinary Shares of WNNR or other similar event, then, as of the effective date of such consolidation, combination, subdivision, reclassification or similar event, all share numbers referenced in this Agreement shall be adjusted in proportion to such increase or decrease in the Ordinary Shares of WNNR.
Investor agrees that, if any transfer of the Assigned Securities or any interest therein is proposed to be made, as a condition precedent to any such transfer, Investor may be required to deliver to WNNR an opinion of counsel satisfactory to WNNR that registration is not required with respect to the Assigned Securities to be transferred.
Upon the issuance of the Disclosure Document, to WNNR’s knowledge, Investor shall not be in possession of any material, nonpublic information received from WNNR or any of its officers, directors or employees.
As soon as practicable, but in no event later than one business day, after execution of this Agreement, WNNR will file (to the extent that it has not already filed) a Current Report on Form 8-K under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), reporting the material terms of this Agreement.