Parent Warrants. By virtue of the Domestication and without any action on the part of any holder of Parent Warrants, each Parent Warrant that is outstanding immediately prior to the consummation of the Domestication shall, pursuant to and in accordance with Section 4.5 of the Warrant Agreement, automatically and irrevocably be modified to provide that such Parent Warrant shall entitle the holder thereof to acquire one share of Parent Common Stock (after giving effect to the Domestication).
Appears in 2 contracts
Sources: Agreement and Plan of Merger (Leo Holdings Corp. II), Merger Agreement (Leo Holdings III Corp.)
Parent Warrants. By virtue of the Domestication and without any action on the part of any holder of Parent Warrants, each Parent Warrant that is outstanding immediately prior to the consummation of the Domestication shall, pursuant to and in accordance with Section Section 4.5 of the Warrant Agreementapplicable warrant agreement, automatically and irrevocably be modified to provide that such Parent Warrant shall entitle the holder thereof to acquire one share shares of Parent Class A Common Stock rather than Parent Class A Ordinary Shares (after giving effect to the Domestication).
Appears in 1 contract
Sources: Business Combination Agreement (FTAC Athena Acquisition Corp.)