Mergers and Reclassifications. If after the date hereof the Company shall enter into any Reorganization then this Warrant, and all rights to purchase the Warrant Interests issuable upon exercise hereof, shall be deemed exercised immediately prior to the closing of such Reorganization and the Holder shall be entitled to receive the same kind and amount of securities and property receivable upon such Reorganization by any other holder of the number of Class B Units issuable upon exercise of this Warrant. For the purposes of this Section 3, the term “Reorganization” shall include without limitation any reclassification, capital reorganization (other than as a result of a subdivision or stock split provided for in Section 3(i) hereof), or any consolidation of the Company with, or merger of the Company into, another corporation or other business organization (other than a merger in which the Company is the surviving corporation and which does not result in any reclassification or change of the outstanding Class B Units), any sale or conveyance to another corporation or other business organization of all or substantially all of the assets of the Company, or any SPAC Transaction.
Appears in 2 contracts
Sources: Warrant Agreement (Adit EdTech Acquisition Corp.), Warrant Agreement (Adit EdTech Acquisition Corp.)