📄 Extracted Text (488 words)
$50,000 of interest to pay dissolution
expenses) divided by the number of then
outstanding public share* which
redemption will completely extinguish
public stockholders' rights as stockholders
(including the right to receive further
liquidation distributions. if any), subject to
applicable law, and (iii) as promptly as
reasonably possible following such
redemption, subject to the approval of our
remaining stockholders and our board of
directors, dissolve and liquidate, subject in
each case to our obligations under
Delaware law to provide for claims of
creditors and the requirements of other
applicable law.
97
Terms of Our Offering Terms Under a Rule 419 Offering
Release of funds Except for the withdrawal of interest to The proceeds held in the escrow account
pay taxes, none of the funds held in trust are not released until the earlier of the
(including the interest on such funds) will completion of a business combination or
be released from the trust account until the the failure to effect a business combination
earlier of (i) the completion of our initial within the allotted time.
business combination or (ii) the redemption
of 100% of our public shares if we are
unable to complete a business combination
within the required time frame (subject to
the requirements of applicable law).
Limitation on If we seek stockholder approval of our Most blank check companies provide no
redemption rights initial business combination and we do not restrictions on the ability of stockholders to
of stockholders conduct redemptions in connection with redeem shares based on the number of
holding more than our initial business combination pursuant shares held by such stockholders in
10% of the shares to the tender offer rules, our amended and connection with an initial business
sold in this offering restated certificate of incorporation will combination.
if we hold a provide that a public stockholder, together
stockholder with any affiliate of such stockholder or
vote any other person with whom such
stockholder is acting in concert or as a
"group" (as defined under Section 13 or the
Exchange Act), will be restricted from
seeking redemption rights with respect
Excess Shares (more than an aggregate of
10% of the shares sold in this offering).
Our public stockholders' inability to
redeem Excess Shares will reduce their
influence over our ability to complete our
business combination and they could suffer
a material loss on their investment in us if
they sell Excess Shares in open market
transactions.
98
Tams of Our Offering Terms Under a Rule 419 Offering
Tendering stock We may require our public stockholders In order to perfect redemption rights in
certificates in seeking to exercise their redemption rights, connection with their business
connection with a whether they are record holders or hold combinations, holders could vote against a
tender offer or their shares in "street name." to either proposed business combination and check a
http/Mww.see.goy/Archivestedgar/datati643953AX1012139001500542541201582_globalperIner.htm17/27/2015 8:51:37 AM]
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0057893
CONFIDENTIAL SONY GM_00204077
EFTA01366367
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EFTA01366367
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