Company: UAC
Filing Date: 2025-12-03
Form Type: S-1
Source: 0001493152-25-025837
Chunk: 29

Company: United Acquisition Corp. I
Filing Date: 2025-12-03
Form: S-1
Chunk 29
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izations, reorganizations, recapitalizations and the like, and subject     
 to further adjustment as provided herein, the founder shares, which are designated as Class B ordinary shares, will be convertible     
 at the option of the holder on a one-for-one basis or will automatically convert into Class A ordinary shares concurrently with        
 or immediately following the consummation of our initial business combination at a ratio such that the number of Class A ordinary      
 shares issuable upon conversion of all founder shares will equal on an as-converted basis, 25% of the sum of (i) total number          
 of all ordinary shares outstanding upon the completion of the offering (including any Class A ordinary shares issued in connection     
 with the exercise of the underwriter’s over-allotment option and excluding any shares underlying the private                           
 securities), plus (ii) all Class A ordinary shares and equity-linked securities issued or deemed issued, in connection with            
 the closing of the initial business combination (excluding any shares or equity-linked securities issued, or to be issued, to any      
 seller in the initial business combination and any private placement-equivalent units issued to our Sponsor or any of its affiliates   
 or to our officers or directors upon conversion of working capital loans) minus (iii) any redemptions of Class A ordinary shares       
 by public shareholders in connection with an initial business combination; provided that such conversion of founder shares will never  
 occur on a less than one-for-one basis. Any conversion of Class B ordinary shares described herein will take effect as a compulsory    
 redemption of Class B ordinary shares and an issuance of Class A ordinary shares as a matter of Cayman Islands law. In                 
 no event will the Class B ordinary shares convert into Class A ordinary shares at a rate of less than one-to-one.                      |
|                                                                                                                              |     | The                                                                                                                                    
 term “equity-linked securities” refers to any debt or equity securities that are convertible, exercisable or exchangeable              
 for our Class A ordinary shares issued in a financing transaction in connection with our initial business combination, including,      
 but not limited to, a private placement of equity or debt.                                                                             |

| 22 |

| Voting                                             
 arrangements with our Sponsor and related parties: |     | Our initial shareholders will each enter into agreements with us, pursuant to which they will agree: (1) to waive their redemption       
 rights with respect to their founder shares, private placement shares, private placement warrants and shares underlying any private      
 placement warrants held by them in connection with the consummation of our initial business combination or