Newborn NBACU = 1C, 1Rt, 1W (1/2 share)
Nuvve’s most established commercial operation is in Denmark, where it has provided V2G services for more than 4 years with daily bidding on energy markets.
definitive purchase agreements with institutional investors for the investment of approximately $18 million in the combined company through a PIPE and bridge financing.
Pipe adjust 9.50 see below .
2 w's + $11.50 - Call 16.50
Term 12 months + two 3 month periods at 10 cents each. At 18 months trust would be 10.20 plus interest.
Chardan 5 million units 2/13/20
In addition, if (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 $9.50 per ordinary share (with such issue price or effective issue price to be determined in good faith by our board of directors), (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, 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 Price”) is below $9.50 per share, the exercise price of the warrants will be adjusted (to the nearest cent) to be equal to 115% of the Market Price, and the $16.50 per share redemption trigger price described above will be adjusted (to the nearest cent) to be equal to 165% of the Market Price.
Our efforts to identify a prospective target business will not be limited to a particular geographic region or industry, although the Company intends to focus on operating businesses in Asia (excluding China)and the United States. We shall not undertake our initial business combination with any entity with its principal business operations in China.
sponsor NeoGenesis Holding Co. Ltd., which is owned and controlled by Wenhui Xiong,
located at Room 801, Building C, SOHO Square, No. 88, Zhongshan East 2nd Road, Huangpu District, Shanghai, 200002, China, and our telephone number is +86 155 0219 5891.