Trust Account Portion. The Trust Account Portion shall be determined by multiplying (i) a fraction, the numerator of which is the number Class A Ordinary Shares sold in the Offering (the “Public Shares”) outstanding immediately prior to the consummation of the Business Combination, net of any Public Shares that have been submitted for redemption by Public Shareholders who have properly exercised their redemption rights and net of any Public Shares held by Public Shareholders that have entered into forward purchase agreements or other arrangements whereby the Company has a contractual obligation to repurchase such Public Shares after the closing of the Business Combination, and the denominator of which is the number of Public Shares outstanding at the Closing Date (or Option Closing Date, if applicable) by (ii) 2.0%.
Appears in 2 contracts
Sources: Underwriting Agreement (Galata Acquisition Corp. II), Underwriting Agreement (Galata Acquisition Corp. II)
Trust Account Portion. The Trust Account Portion shall be determined by multiplying (i) a fraction, the numerator of which is the number of Class A Ordinary Shares sold in the Offering (the “Public Shares”) outstanding immediately prior to the consummation of the Business Combination, net of any Public Shares that have been submitted for redemption by Public Shareholders who have properly exercised their redemption rights and net of any Public Shares held by Public Shareholders that have entered into forward purchase agreements or other arrangements whereby the Company has a contractual obligation to repurchase such Public Shares after the closing of the Business Combination, and the denominator of which is the number of Public Shares outstanding at the Closing Date (or Option Closing Date, if applicable) by (ii) 2.0%$0.15 per Unit.
Appears in 2 contracts
Sources: Underwriting Agreement (Range Capital Acquisition Corp II), Underwriting Agreement (Range Capital Acquisition Corp II)
Trust Account Portion. The Trust Account Portion shall be determined by multiplying (i) a fraction, the numerator of which is the number of Class A Ordinary Shares sold in the Offering (the “Public Shares”) outstanding immediately prior to the consummation of the Business Combination, net of any Public Shares that have been submitted for redemption by Public Shareholders who have properly exercised their redemption rights and net of any Public Shares held by Public Shareholders that have entered into forward purchase agreements or other arrangements whereby the Company has a contractual obligation to repurchase such Public Shares after the closing of the Business Combination, and the denominator of which is the number of Public Shares outstanding at the Closing Date (or Option Closing Date, if applicable) by (ii) 2.0%$0.10 per Unit.
Appears in 1 contract
Sources: Underwriting Agreement (Space Asset Acquisition Corp.)