📄 Extracted Text (623 words)
Exercise of the The warrants cannot be exercised until the The warrants could be exercised prior to
warrants later of 30 days after the completion of our the completion of a business combination,
initial business combination or 12 months but securities received and cash paid in
from the closing of this offering. connection with the exercise would be
deposited in the escrow or trust account.
Election to remain an We will provide our public stockholders A prospectus containing information
investor with the opportunity to redeem their public pertaining to the business combination
shares for cash equal to their pro rata share required by the SEC would be sent to each
of the aggregate amount then on deposit in investor. Each investor would be given the
the trust account as of two business days opportunity to notify the company in
prior to the consummation of our initial writing, within a period of no less than 20
business combination, including interest, business days and no more than 45 business
which interest shall be net of taxes payable, days from the effective date of a post-
upon the completion of our initial business effective amendment to the company's
combination. subject to the limitations registration statement, to decide if he, she
described herein. We may not be required or it elects to remain a stockholder of the
by law to hold a stockholder vote. If we arc company or require the return of his, her or
not required by law and do not otherwise its investment. If the company has not
decide to hold a stockholder vote, we will, received the notification by the end of the
pursuant to our amended and restated 45°' business day, funds and interest or
certificate of incorporation, conduct the dividends, if any, held in the trust or
redemptions pursuant to the tender offer escrow account arc automatically returned
rules of the SEC and file tender offer to the stockholder. Unless a sufficient
documents with the SEC which will number of investors elect to remain
contain substantially the same financial and investors, all funds on deposit in the escrow
other information about the initial business account must be returned to all of the
combination and the redemption rights as is investors and none of the securities am
required under the SEC's proxy rules. issued.
96
Terms of Our Offering Terms Under a Rule 419 Offering
If, however, we hold a stockholder vote.
we will, like many blank check companies,
offer to redeem shares in conjunction with
a proxy solicitation pursuant to the proxy
rules and not pursuant to the tender offer
rules. If we seek stockholder approval, we
will complete our initial business
combination only if a majority of the
outstanding shams of common stock voted
arc voted in favor of the business
combination. Additionally, each public
stockholder may elect to redeem their
public shares irrespective of whether they
vote for or against the proposed
transaction.
Business combination If we arc unable to complete an initial If an acquisition has not been completed
deadline business combination within 24 months within 18 months after the effective date of
from the closing of this offering, we will the company's registration statement, funds
(i) cease all operations except for the held in the mist or escrow account arc
purpose of winding up, (ii) as promptly as returneesd to investors.
reasonably possible but not mom than ten
business days thereafter. Seem 100% of
the public shares, at a per-share price.
payable in cash, equal to the aggregate
amount then on deposit in the trust
account, including interest (which interest
shall be net of taxes payable and less up to
httplAnnv.see.gov/Archivecledgaddatatl643953AXX/121390)15005425/112015a2_globalparincr.h8nr/27/2015 8:51:37 AM]
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0057892
CONFIDENTIAL SONY GM_00204076
EFTA01366366
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EFTA01366366
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