SPAC Merger. At the SPAC Merger Effective Time (as defined in Section 2.2), and subject to and upon the terms and conditions of this Agreement, and in accordance with Cayman Law, the Parent shall be merged with and into Purchaser, the separate corporate existence of Parent shall cease and Purchaser shall continue as the surviving company. Purchaser as the surviving company after the SPAC Merger is hereinafter referred to, after the SPAC Merger Effective Time, as the “Purchaser” or “SPAC Surviving Corporation.”
Appears in 3 contracts
Sources: Merger Agreement (Quantumsphere Acquisition Corp), Merger Agreement (UY Scuti Acquisition Corp.), Merger Agreement (Quartzsea Acquisition Corp)