the completion of such initial Business Combination, at 5:00 p.m., New York City time, or earlier upon redemption or Liquidation; provided, however, that pursuant to the Warrant Agreement (as defined below), only a whole Public Warrant may be exercised. As used herein, the term “Business Combination” (as described more fully in the Registration Statement) shall mean a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses involving the Company.
The Company has entered into an Investment Management Trust Agreement, dated as of the date hereof (the “Trust Agreement”), with U.S. Bank, National Association (“USBNA”), as trustee (the “Trustee”), in substantially the form filed as Exhibit 10.3 to the Registration Statement, pursuant to which certain of the proceeds from the sale of the Private Placement Warrants (as defined below) and proceeds of the Offering will be deposited and held in a trust account (the “Trust Account”) for the benefit of the Company, the Underwriter and the holders of the Firm Securities and the Optional Securities, if and when issued.
The Company has entered into a Warrant Agreement, dated as of the date hereof (the “Warrant Agreement”), with respect to the Public Warrants and the Private Placement Warrants with American Stock Transfer & Trust Company, LLC (“AST”), as warrant agent, in substantially the form filed as Exhibit 4.4 to the Registration Statement, pursuant to which AST will act as warrant agent in connection with the issuance, registration, transfer, exchange, redemption, and exercise of the Public Warrants and the Private Placement Warrants.
The Company has entered into a Securities Subscription Agreement, dated February 28, 2021 (the “Founder’s Purchase Agreement”), with Think Elevation Capital LLC, a Delaware limited liability company (the “Sponsor”), pursuant to which the Sponsor purchased an aggregate of 6,468,750 Class B ordinary shares, par value $0.0001 per share, of the Company, for an aggregate purchase price of $25,000 (including the Ordinary Shares issuable upon conversion thereof, the “Initial Founder Shares”), 843,750 Class B ordinary shares of which are subject to complete or partial forfeiture depending on the extent to which the Underwriter’s over-allotment option is exercised (the “Additional Founder Shares” and, together with the Initial Founder Shares, the “Founder Shares”). [On [•], 2021, the Sponsor surrendered [•] Founder Shares to the Company for cancellation for no consideration, resulting in an aggregate of [•] Founder Shares outstanding.] The Founder Shares are substantially similar to the Ordinary Shares included in the Units except as described in the Registration Statement, the Statutory Prospectus and the Prospectus.
The Company has entered into a Private Placement Warrants Purchase Agreement, effective as of the date hereof, with the Sponsor, in substantially the form filed as Exhibit 10.6 to the Registration Statement (the “Private Placement Warrants Purchase Agreement”), pursuant to which the Sponsor agreed to purchase an aggregate of 5,000,000 warrants of the Company (or 5,450,000 warrants if the Underwriter’s over-allotment option is exercised in full), with each warrant entitling the holder to purchase one Ordinary Share for $11.50 per warrant (the “Private Placement Warrants” and, together with the Public Warrants, the “Warrants”). The Private Placement Warrants are substantially similar to the Public Warrants, except as described in the Registration Statement, the Statutory Prospectus and the Prospectus.
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