The document outlines financial arrangements related to an initial business combination, including fees, reimbursements, loans, and securities. A fee up to $3,000,000 may be paid upon closing the business combination, subject to audit committee review. Reimbursements for out-of-pocket expenses incurred by sponsors and affiliates are discussed, with no cap on such reimbursements. Details of loans from the sponsor, including a $225,000 loan for offering expenses, are provided. The document also covers potential loans for transaction costs, convertible into warrants, and post-combination compensation for management. A registration rights agreement for founder shares and private placement warrants is mentioned. The description of securities includes details on units, common stock, and warrants.
documents/vol00010-efta01366382-pdf.pdf
{"key_people":["Chief Executive Officer"],"document_type":"financial","key_organizations":["audit committee"],"reference_numbers":["DB-SDNY-0057908","SDNY_GM_00204092","EFTA01366382"]}