SPAC Merger. (a) The SPAC agrees to propose the SPAC Proposals on and subject to the terms and conditions of this deed and the BCA. (b) Immediately prior to implementation of the Scheme, SPAC will merge with Merger Sub (with Merger Sub being the surviving company) and Pubco will issue shares of Pubco to the SPAC Shareholders, pursuant to the terms and conditions of the BCA.
Appears in 2 contracts
Sources: Business Combination Agreement (Investcorp AI Acquisition Corp.), Scheme Implementation Deed (Investcorp AI Acquisition Corp.)
SPAC Merger. (a) The SPAC agrees to propose the SPAC Proposals and SPAC Extension Proposals on and subject to the terms and conditions of this deed and the BCA.
(b) Immediately prior to implementation of the Scheme, SPAC will merge with Merger Sub (with Merger Sub being the surviving companyentity) and Pubco MergeCo will issue shares of Pubco MergeCo to the SPAC Shareholders, pursuant to the terms and conditions of the BCA.
Appears in 1 contract
Sources: Scheme Implementation Deed (Twin Ridge Capital Acquisition Corp.)