– Failure to effectivelyestablishand manage the pricing models and strategies of our choices couldadversely have an result on our capacity to draw or retain B 2 B and B 2 Ccustomers andsuppliers, and this could adversely affect our monetary performance . – We have a historyof internet losses and count on to incur additional expenses as we broaden our GTM platform to new markets, and we might not have the power to achieve or keep profitability sooner or later. – The groundtransportation and delivery industries are highly aggressive, with well – establishedand low – price options which may be available, low limitations to entry, lowswitching prices and well – capitalized rivals innearly each main geographic region. If we’re unable to compete effectively in these industries, our enterprise and monetary prospects would be adversely affected. – We might require extra capital, which maynot be available on terms acceptable to us or at all. – Servicingour present and future debt mayrequire a major quantity ofcash, and we may not have sufficient cashflowfrom operations to pay our indebtedness.
At the SPV Merger Effective Time, the Target Companies may have good and valid title to, or valid leases, licenses or rights to use, all property described in Section 5.7, free and clear of all Liens, apart from Permitted Liens. Except as set forth on Section 4.sixteen of the SPAC Disclosure Schedules, no broker, finder or investment banker is entitled to any brokerage, finder’s or other charge or fee in reference to the Transactions primarily based upon preparations made by or on behalf of SPAC. To the data of SPAC, following the Closing, Pubco won’t be either a “domestic corporation” on account of the appliance of Section 7874 of the Code or a “surrogate overseas corporation” throughout the meaning of Section 7874 of the Code. No claim in relation to Tax has been made within the preceding three years in opposition to SPAC by a Governmental Authority in a jurisdiction where SPAC doesn’t file Tax Returns that it is or could additionally be topic to taxation by that jurisdiction. There are no materials claims, assessments, audits, examinations, investigations or other Actions pending or in progress in opposition to SPAC, in respect of any material Tax, and SPAC has not been notified in writing of any materials proposed Tax claims or assessments towards SPAC .
Except as set forth on Section 5.8 of the Company Disclosure Schedules, neither the Company nor any Target Company is subject to any Liabilities or obligations that would be required to be reflected on a steadiness sheet prepared in accordance with IFRS, except for those who will be reflected or reserved on or provided for within the consolidated steadiness sheet of the Company and the Target Companies contained within the Consolidated Company Financials, or have been incurred after December 31, 2020 in the ordinary course of business in keeping with previous follow . The operations of SPAC are and have been performed at all times in compliance with money laundering statutes in all relevant jurisdictions, the rules and regulations thereunder and any associated or related guidelines, rules or tips, issued, administered or enforced by any Governmental Authority, and no Action involving SPAC with respect to the any of the foregoing is pending or, to the Knowledge of SPAC, threatened. SPAC just isn’t an “investment company” or a Person instantly or indirectly “controlled” by or acting on behalf of an individual subject to registration and regulation as an “investment company”, in each case within the which means of the Investment Company Act. Each SPAC stockholder will obtain securities in Pubco equal to the truthful market value of fairness interests in SPAC transferred to Pubco.
Except as set forth on Section 5.19of the Company Disclosure Schedules, neither the Company nor any Target Company maintains or contributes to any Benefit Plan, whether or not or not topic to ERISA, that’s maintained for the benefit of any workers who provide providers in the United States. Section 5.18 of the Company Disclosure Schedules units forth all unresolved material labor controversies , if any, which are pending or, to the Knowledge of the Company, threatened between the Company or any Target Company and Persons employed by or offering companies as unbiased contractors to the Company or a Target Company. To the knowledge of the Company, following the Closing, Pubco will not be either a “domestic corporation” as a end result of the application of Section 7874 of the Code or a “surrogate foreign corporation” throughout the meaning of Section 7874 of the Code. No claim in relation to Tax has been made within online payoneer amazon 3.3b the preceding three years against the Company or any Target Company by a Governmental Authority in a jurisdiction where the Company or such Target Company does not file Tax Returns that it’s or may be subject to taxation by that jurisdiction. There are not any material claims, assessments, audits, examinations, investigations or other Actions pending or in progress towards the Company or any Target Company, in respect of any materials Tax, and neither the Company nor any Target Company has been notified in writing of any material proposed Tax claims or assessments towards the Company or any Target Company . Except as set forth in Section 5.7 of the Company Disclosure Letter, instantly after consummation of the Reorganization, except for this Agreement or as contemplated by the Reorganization, the Target Companies will owe no obligations or have any liabilities to the Company and its Subsidiaries and there might be no contracts between the Target Companies, on the one hand, and the Company and its Subsidiaries , on the other hand.
The Sponsor acknowledges that the Sponsor has acquired and reviewed this Agreement and the Merger Agreement and has had the opportunity to seek impartial authorized recommendation previous to executing this Agreement. None of the information supplied or to be equipped in writing by the Sponsor particularly for inclusion or incorporation by reference in the Proxy Statement/Prospectus and any modification or complement thereto will, at the date of mailing to the Parent Stockholders and on the time of the Special Meeting, comprise any untrue assertion of a fabric reality or omit to state any material reality required to be stated therein or needed so as to make the statements therein, in mild of the circumstances under which they were made, not misleading. ”) with respect to this Agreement, the Merger Agreement, or the transactions contemplated hereby or thereby, without the prior written consent of the Company , besides as required by relevant Laws, in which case such Sponsor shall use its cheap finest efforts to offer the Company and the Company’s legal counsel with a reasonable opportunity to review and comment on such Public Communication in advance of its issuance and shall give reasonable and good faith consideration to any such feedback. Except as in any other case offered herein, any and all cures herein expressly conferred upon a Party might be deemed cumulative with and never unique of another treatment conferred hereby, or by regulation or fairness upon such Party, and the train by a Party of anybody remedy will not preclude the exercise of some other treatment.
”), pursuant to which Sponsor and such other parties have agreed, amongst other issues, to vote all Northern Star Common Stock beneficially owned by them to undertake and approve the Merger Agreement and the opposite paperwork contemplated hereby and the Mergers and other transactions contemplated thereby. ”), a custody and clearing engine that’s powering the future of digital wealth management and Apex Pro, a trusted clearing associate to broker-dealers, ATS’s, routing corporations, professional trading firms, hedge funds, institutions and rising managers. Apex’s proprietary enterprise-grade know-how delivers speed, effectivity, and flexibility to corporations ranging from innovative start-ups to blue-chip brands centered on transformation to capture a model new era of traders. Apex helps its shoppers present the seamless digital experiences today’s shoppers expect with the throughput and scalability wanted by fast-growing, high-volume monetary companies companies. Numaan and Narinder have constructed an organization not solely with a gorgeous enterprise model, but in addition with a staff that has deep expertise and relationships in their trade. Numaan’s background is in technology, while Narinder’s background is in operations and logistics.
Except as wouldn’t, individually or in the aggregate, be materials to the Company and its Subsidiaries, taken as a complete, the Company and each ERISA Affiliate have each complied with the discover and continuation coverage requirements, and all other requirements, of Section 4980B of the Code and Part 6 of Subtitle B of Title I of ERISA, and the regulations thereunder, with respect to every Plan that’s, or was throughout any Tax yr for which the statute of limitations on the evaluation of federal revenue Taxes remains open, by consent or otherwise, a gaggle well being plan throughout the which means of Section 5000 of the Code. ” means any entity that together with the Company could be deemed a “single employer” for purposes of Section 4001 of ERISA and/or Sections 414, and/or of the Code. No Plan is, and the Company does not have or moderately anticipate to have any legal responsibility or obligation under, a multiple employer plan topic to Section 413 of the Code or a multiple employer welfare association beneath Section 3 of ERISA. No outstanding Company Membership Interests are unvested or subjected to a repurchase possibility, risk of forfeiture or other situation beneath any relevant agreement with the Company.