Id | Content |
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F1 | As described in Enphys Acquisition Corp.'s (the "Issuer") registration statement on Form S-1, as amended (File No. 333-257932) (the "Registration Statement") under the heading "Description of Securities," the Class B ordinary shares will automatically convert into the number of shares of Class A ordinary shares the Issuer at the time of the Issuer's initial business combination on a one-for-one basis, subject to certain adjustments, and have no expiration date. The Class B ordinary shares include up to 1,125,000 shares that are subject to forfeiture in the event that the underwriters of the initial public offering of the Issuer's securities do not exercise their over-allotment option in full. |