Failure to Consummate Business Combination. All of the Shares initially shall be subject to forfeiture to the Company in accordance with this Section 3. The Shares shall be forfeited to the Company in the event that the Company does not consummate a Business Combination (as such term is defined in the Company’s Registration Statement on Form S-1 under the Securities Act of 1933, as amended (the “Registration Statement”)) by the date which is twenty-four (24) months from the effective date of the Registration Statement.
Appears in 6 contracts
Samples: Secure America Acquisition CORP, Secure America Acquisition CORP, Secure America Acquisition CORP
Failure to Consummate Business Combination. All of the Shares initially shall be subject to forfeiture to the Company in accordance with this Section 3. The Shares shall be forfeited to the Company in the event that the Company does not consummate a Business Combination (Combination, as such term is defined in the Company’s Registration Statement registration statement on Form S-1 under the Securities Act of 1933, as amended (the “Registration Statement”), with respect the Company’s initial public offering (the “IPO”) by the date which is twenty-four (24) of its securities, within 24 months from the effective date consummation of the Registration StatementIPO.
Appears in 4 contracts
Samples: Stock Escrow Agreement (Corporate Acquirers, Inc.), Stock Escrow Agreement (Corporate Acquirers, Inc.), Stock Escrow Agreement (Corporate Acquirers, Inc.)
Failure to Consummate Business Combination. All of the Shares initially shall be subject to forfeiture to the Company in accordance with this Section 3. The All of the Shares shall be forfeited to the Company in the event that the Company does not consummate a Business Combination (Combination, as such term is defined in the Company’s Registration Statement registration statement on Form S-1 under the Securities Act of 1933, as amended (the “Registration Statement”), with respect the Company’s initial public offering (the “IPO”) by the date which is twenty-four (24) of its securities, after 24 months from the effective date consummation of the Registration StatementIPO.
Appears in 2 contracts
Samples: Stock Escrow Agreement (Lank Acquisition Corp), Stock Escrow Agreement (Lank Acquisition Corp)
Failure to Consummate Business Combination. All of the Shares initially shall be subject to forfeiture to the Company in accordance with this Section 34. The Shares shall be forfeited to the Company in the event that the Company does not consummate a Business Combination (Combination, as such term is defined in the Company’s Registration Statement registration statement on Form S-1 under the Securities Act of 1933, as amended (the “Registration Statement”), with respect the Company’s initial public offering (the “IPO”) by the date which is twenty-four (24) of its securities, within 24 months from the effective date consummation of the Registration StatementIPO.
Appears in 1 contract
Samples: Securities Escrow Agreement (Wattles Acquisition Corp)
