Extension Loan Shares

Example Definitions of "Extension Loan Shares"
Extension Loan Shares. The shares of SPAC Common Stock underlying the Extension Loan Subunits issued to Initial Investors as a result of the conversion of loans made by the Initial Investors or their designees to SPAC to extend the period of time SPAC has to consummate a Business Combination
Found in ACKRELL SPAC Partners I Co. contract
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