EFTA01366354.txt Text dataset_10 View on DOJ

This document describes the process of an initial business combination for a SPAC, highlighting the financial aspects, potential benefits, and risks involved. It outlines the company's financial position, the flexibility in using different types of securities, and the NASDAQ rules regarding the fair market value of the target business.

Subject

Initial Business Combination

Sender

—

Recipients

—

Document ID

DB-SDNY-0057880

Date

2015-02-27

With funds available for a business combination initially in the amount of 5130.950.000 assuming no redemptions and after payment of up to $4,050,000 of deferred underwriting fees (or $150,592,500 assuming no redemptions and after payment of up to $4,657,500 of deferred underwriting fees if the underwriters' over-allotment option is exercised in full), we offer a target business a variety of options such as creating a liquidity event for its owners.

The NASDAQ rules require that our initial business combination must be with one or more target businesses that together have a fair market value equal to at least 80% of the balance in the trust account (less any deferred underwriting commissions and taxes payable on interest earned) at the time of our signing a definitive agreement in connection with our initial business combination.

Business dealingsFinancial transactions/money flow

NASDAQ

Tone

Professional

Purpose

To describe the process and financial aspects of an initial business combination for a special purpose acquisition company (SPAC).

Significance

The document outlines the financial position, potential benefits, and risks associated with a SPAC's initial business combination, including the flexibility in using cash, debt, or equity securities.

File Name

EFTA01366354.txt

Dataset

dataset_10

Type

Text

Model

gemini-2.0-flash-001

Processed

2026-02-07T18:41:06.682180

DOJ Source

View on DOJ