Warrant Cancellation. In connection with the consummation of the Transactions, the Sponsor agrees that, upon and subject to the occurrence of the Closing, the Sponsor shall automatically forfeit and cancel, without any further action by the Sponsor or any other Person, all of the SPAC Warrants that are held by the Sponsor (the “Sponsor Warrants”).
Appears in 3 contracts
Sources: Sponsor Support and Forfeiture Agreement (Tailwind Acquisition Corp.), Sponsor Support and Forfeiture Agreement (Anzu Special Acquisition Corp I), Sponsor Support and Forfeiture Agreement (Nuburu, Inc.)