Initial Registrable Security

Initial Registrable Security. Shall mean (i) any outstanding shares of Class A Common Stock held by the Sponsor or a Holder immediately following the Closing (other than Earn Out Shares), (ii) any shares of Class A Common Stock that may be acquired by the Sponsor or Holders upon the exercise of a warrant or other right to acquire Class A Common Stock held by the Sponsor or a Holder immediately following the Closing (other than Earn Out Shares), (iii) the Earn Out Shares (provided that, prior to the issuance of the Earn Out... Units in accordance with the terms of the Merger Agreement, the Earn Out Shares shall only be deemed to be "Registrable Securities" for purposes of Sections 2.1.1, 2.1.2 and 2.1.3 hereof), (iv) any outstanding shares of Class A Common Stock or warrants to purchase shares of Class A Common Stock (including any shares of Class A Common Stock issued or issuable upon the exercise of any such warrant) of the Company held by the Sponsor or a Holder following the date hereof to the extent that such securities are "restricted securities" (as defined in Rule 144) or are otherwise held by an "affiliate" (as defined in Rule 144) of the Company and (v) any other equity security of the Company or any of its subsidiaries issued or issuable with respect to any securities referenced in clause (i), (ii), (iii), or (iv) above by way of a stock dividend or stock split or in connection with a recapitalization, merger, consolidation, spin-off, reorganization or similar transaction. For the avoidance of doubt, under no circumstances shall the Company be obligated to register Class B Common Stock, and only shares of Class A Common Stock of the Company issuable upon conversion of Class B Common Stock shall be registered. View More