Brilliant BRILU 1C,1W,1R
Whole warrant 1 + 11.50 9.20 pipe adjust below. $16.50 call can call cashless.
12 months + 0.10 / 3 months to 21 months.
by June 26, 2021, the Company may extend the period of time to consummate a Business Combination up to three times, each by an additional three months (for a total of 21 months
Ning Sheng Enterprise Co. is headquartered in the International Financial Center Building in Shanghai, China. Ning Sheng Enterprise Co. has a registered capital of RMB 1 billion, more than 1,700 employees, business coverage in Singapore, Vietnam, Laos, mainland China, Hong Kong, Macau, the United States, the United Kingdom, and other countries and regions. Ning Sheng Enterprise Co. was established in December 2013 and provides integrated financial investment management and financial technology services to a variety of individual and corporate clients. It participates in mergers and acquisitions, financial leasing, equity investment, commercial insurance, fund management, internet finance, and wealth management, guarantees, industrial funds and many other financial areas. Ning Sheng Enterprise Co. has a number of subsidiaries, and is continuing to expand its operating subsidiary base. We expect our affiliation with Ning Sheng Enterprise Co. will add value to our ability to complete a profitable business combination throughout the Asia-pacific region because of its global and professional team of lawyers, accountants, private equity specialists, having years of global capital market experience, as well as a broad network of relationships with growing businesses across an array of industries and market sectors. In addition, our Chief Executive Officer, Mr. Peng Jiang, has worked with Ning Sheng Enterprise Co. since April 2018, and serves as
its vice president of investment banking, where he is responsible for structuring investments and other business transactions by Ning Sheng Enterprise Co. In this role, Mr. Jiang has experience in conducting due diligence on target companies and structuring the terms of investment in those target companies.
Led by Mr. Jiang, our officers and directors, or our “management team,” has a broad range of collective operational experience across a variety of economic sectors, including corporate financing, debt financing, internet, real estate, insurance, health care, energy and resources, consumer and retail, manufacturing, and high technology.
We will seek to capitalize on the comprehensive industry experience and network of our executive officers in consummating an initial business combination in sectors that we believe have strategic significance to the Asia-pacific economy, including but not limited to corporate financing, debt financing, internet, real estate, insurance, health care, energy and resources, consumer and retail, manufacturing, and high technology.
Our executive offices are located at 99 Dan Ba Road, C-9, Putuo District, Shanghai, People’s Republic of China and our telephone number is (86) 021-80125497.
f (x) we issue additional ordinary shares or equity-linked securities for capital raising purposes in connection with the closing of our initial business combination at an issue price or effective issue price of less than $9.20 per share (with such issue price or effective issue price to be determined in good faith by our board of directors and, in the case of any such issuance to our initial shareholders or their affiliates, without taking into account any founders’ shares held by our initial shareholders or such affiliates, as applicable, prior to such issuance) (the “Newly Issued Price”), (y) the aggregate gross proceeds from such issuances represent more than 60% of the total equity proceeds, and interest thereon, available for the funding of our initial business combination on the date of the consummation of our initial business combination (net of redemptions), and (z) the volume weighted average trading price of our ordinary shares during the 20 trading day period starting on the trading day prior to the day on which we consummate our initial business combination (such price, the “Market Value”) is below $9.20 per share, the exercise price of the warrants will be adjusted (to the nearest cent) to be equal to 115% of the higher of the Market Value and the Newly Issued Price, and the $16.50 per share redemption trigger price described below under “Redemption of warrants” will be adjusted (to the nearest cent) to be equal to 180% of the higher of the Market Value and the Newly Issued Price.
trust account in the United States maintained by Continental Stock Transfer & Trust Company acting as trustee, subject to increase in the event that our sponsor elects to extend the period of time to consummate a business combination, and will be invested only in U.S. government treasury bills, notes and bonds with a maturity
of 180 days or less or in money market funds meeting certain conditions under Rule 2a-7 under the Investment Company Act and which invest solely in U.S. Treasuries. Except for all interest income that may be released to us to pay taxes, and up to $50,000 to pay dissolution expenses,