Examples of PIPE Investors in a sentence
Immediately prior to the First Merger, it is anticipated that the PIPE Investment and, if applicable, the Backstop Financing will be funded, shares of Pubco Common Stock will be issued to PIPE Investors and, if applicable, the Backstop Notes will be issued to the lender(s) providing Backstop Financing.
Shares issued to Holdings and the PIPE Investors are at a deemed value of $10.00 per share.
Assumes 37,200,000 shares are issued to Holdings and 10,000,000 shares are issued to the PIPE Investors.
The PIPE Investors have agreed to purchase in the aggregate approximately 90,000,000 shares of GSAH Class A common stock, for approximately $900,000,000 of gross proceeds, in the PIPE Investment.
See the section titled “The Merger Agreement — Additional Agreements.”• Concurrently with the execution of the Merger Agreement, Tuscan entered into the PIPE Subscription Agreements with the PIPE Investors providing for the PIPE Financing.