The Company will enter into an agreement that will present that, commencing on the date that the Company’s securities are first listed on the NYSE through the sooner of consummation of the initial Business Combination and the liquidation, the Company will pay the Sponsor $10,000 per month for workplace space, utilities, secretarial and administrative assist providers provided to members of the management staff. We have audited the accompanying steadiness sheet of Ivanhoe Capital Acquisition Corp. The preparation of economic statements in conformity with GAAP requires the Company’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent property and liabilities at the date of the financial statements and the reported amounts of expenses through the reporting periods. Except as described under, holders of Class A odd shares and holders of Class B odd shares will vote together as a single class on all issues submitted to a vote of the shareholders except as required by law. ("Company") as of July 22, 2020, and the related statements of operations, modifications in shareholder’s fairness and cash flows for the period from July 8, by way of July 22, 2020, and the associated notes (collectively referred to as the "financial statements").

The internet profit for the three months is primarily related to benefits for unsure tax positions for statute of limitation expirations, excess tax advantages realized from stock-based compensation arrangements, and return to accrual changes.

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Where the merger or consolidation is between two Cayman Islands firms, the directors of every company should approve a written plan of merger or consolidation containing sure prescribed information. This abstract doesn't deal with all attainable tax penalties relating to an funding in our Class A odd shares and warrants, such as the tax penalties beneath state, local and different tax legal guidelines. That plan or merger or consolidation must then be licensed by both a particular decision (usually a majority of 662∕3% in worth of the voting shares voted at a general meeting) of the shareholders of every company; or such different authorization, if any, as may be specified in such constituent company’s articles of association. The following abstract of sure Cayman Islands and United States federal earnings tax penalties of an investment in our items, each consisting of 1 Class A strange share and one-third of one redeemable warrant, which we refer to collectively as our securities, is based upon legal guidelines and relevant interpretations thereof in impact as of the date of this prospectus, all of which are topic to change.

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