−Removed: MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES.
−Removed: (a) Market Information
+Added: MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED SHAREHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES.
+Added: Market Information
Our units, Class A ordinary shares and warrants are each traded on the Nasdaq under the symbol “ESACU”, “ESAC” and “ESACW” respectively.
2 unchanged sentences
On March 28, 2023, there was one holder of record of our units, one holder of record of our Class A ordinary shares, 20 holders of record of our Class B ordinary shares and 18 holders of record of our warrants.
−Removed: (c) Dividends
We have not paid any cash dividends on our ordinary shares to date and do not intend to pay cash dividends prior to the completion of our initial business combination.
The payment of cash dividends in the future will be dependent upon our revenues and earnings, if any, capital requirements and general financial condition subsequent to completion of our initial business combination.
−Removed: The payment of any cash dividends subsequent to our initial business combination will be within the discretion of our board of directors at such time.
+Added: payment of any cash dividends subsequent to our initial business combination will be within the discretion of our board of directors at such time.
If we increase the size of our initial public offering, we will effect a share capitalization or other appropriate mechanism immediately prior to the consummation of our initial public offering in such amount as to maintain the number of founder shares, on an as-converted basis, at 20% of our issued and outstanding ordinary shares upon the consummation of our initial public offering.
Further, if we incur any indebtedness in connection with a business combination, our ability to declare dividends may be limited by restrictive covenants we may agree to in connection therewith.
−Removed: (d) Securities Authorized for Issuance Under Equity Compensation Plans
−Removed: (e) Performance Graph
+Added: Securities Authorized for Issuance Under Equity Compensation Plans
+Added: Performance Graph
Not applicable.
−Removed: (f) Recent Sales of Unregistered Securities;
+Added: Recent Sales of Unregistered Securities;
Use of Proceeds from Registered Offerings
−Removed: On April 27, 2021, our sponsor paid $25,000, or approximately $0.004 per share, to cover certain expenses on our behalf in consideration of 7,187,500 Class B ordinary shares, par value $0.0001.
−Removed: Such securities were issued pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act.
−Removed: On September 27, 2021, we sold 831,393 Class B ordinary shares to the Salient Client Accounts at a price of approximately $0.004 per share.
−Removed: Such securities were issued pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act.
−Removed: In connection with the closing of our initial public offering, our sponsor purchased an aggregate of 11,240,000 private placement warrants for a purchase price of $1.00 per whole warrant, and the Salient Client Accounts purchased an aggregate of 2,800,000 for a purchase price of $1.00 per whole warrant, each pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act.
−Removed: Each private placement warrant entitles the holder to purchase one Class A ordinary share at $11.50 per share, subject to adjustment.
−Removed: The private placement warrants (including the Class A ordinary shares issuable upon exercise thereof) may not, subject to certain limited exceptions, be transferred, assigned or sold by the holder until 30 days after the completion of our initial business combination.
There has been no material change in the planned use of the proceeds from our initial public offering and private placement as is described in the final prospectus associated with our initial public offering (File No.
−Removed: (g) Purchases of Equity Securities by the Issuer and Affiliated Purchasers
+Added: Purchases of Equity Securities by the Issuer and Affiliated Purchasers
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.