Attached files

file filename
EX-4.4 - FORM OF WARRANT AGREEMENT BETWEEN CONTINENTAL STOCK TRANSFER & TRUST COMPANY AND - Greenrose Acquisition Corp.fs12019a1ex4-4_greenrose.htm
S-1/A - AMENDMENT NO.1 TO FORM S-1 - Greenrose Acquisition Corp.fs12019a1_greenrose.htm
EX-23.1 - CONSENT OF MARCUM LLP. - Greenrose Acquisition Corp.fs12019a1ex23-1_greenrose.htm
EX-10.5 - FORM OF STOCK ESCROW AGREEMENT - Greenrose Acquisition Corp.fs12019a1ex10-5_greenrose.htm
EX-10.4.2 - SUBSCRIPTION AGREEMENT FOR PRIVATE UNITS AND PRIVATE WARRANTS BY IMPERIAL CAPITA - Greenrose Acquisition Corp.fs12019a1ex10-4ii_greenrose.htm
EX-10.4.1 - SUBSCRIPTION AGREEMENT FOR PRIVATE UNITS AND PRIVATE WARRANTS BY GREENROSE ASSOC - Greenrose Acquisition Corp.fs12019a1ex10-4i_greenrose.htm
EX-10.3 - FORM OF REGISTRATION RIGHTS AGREEMENT - Greenrose Acquisition Corp.fs12019a1ex10-3_greenrose.htm
EX-10.2 - FORM OF INVESTMENT MANAGEMENT TRUST AGREEMENT BETWEEN CONTINENTAL STOCK TRANSFER - Greenrose Acquisition Corp.fs12019a1ex10-2_greenrose.htm
EX-10.1 - FORM OF LETTER AGREEMENT FROM EACH OF THE REGISTRANT'S SPONSOR, OFFICERS AND DIR - Greenrose Acquisition Corp.fs12019a1ex10-1_greenrose.htm
EX-3.2 - AMENDED AND RESTATED CERTIFICATE OF INCORPORATION - Greenrose Acquisition Corp.fs12019a1ex3-2_greenrose.htm
EX-1.2 - FORM OF BUSINESS COMBINATION MARKETING AGREEMENT. - Greenrose Acquisition Corp.fs12019a1ex1-2_greenrose.htm
EX-1.1 - FORM OF UNDERWRITING AGREEMENT - Greenrose Acquisition Corp.fs12019a1ex1-1_greenrose.htm

Exhibit 5.1

 

   



Tarter Krinsky & Drogin LLP

1350 Broadway | New York | NY | 10018
www.tarterkrinsky.com

 

January ___, 2020

 

Greenrose Acquisition Corp.

1000 Woodbury Rd.

Suite #212

Woodbury, NY 11797

 

Re: Registration Statement of Greenrose Acquisition Corp.

 

Ladies and Gentlemen:

 

We have acted as counsel to Greenrose Acquisition Corp., a Delaware corporation (the “Company”), in connection with the registration by the Company with the U.S. Securities and Exchange Commission of up to 17,250,000 units of the Company (collectively the “Units”), including 2,250,000 Units subject to the underwriters’ over-allotment option, with each Unit consisting of one share of the Company’s common stock, par value $0.0001 per share (the “Common Stock”) and three quarters of one redeemable warrant of the Company (the “Warrants”), each whole warrant entitling the holder thereof to purchase one share of Common Stock, pursuant to a Registration Statement on Form S-1 (the “Registration Statement”).

 

We have examined such documents and considered such legal matters as we have deemed necessary and relevant as the basis for the opinion set forth below. With respect to such examination, we have assumed the genuineness of all signatures, the authenticity of all documents submitted to us as originals, the conformity to original documents of all documents submitted to us as reproduced or certified copies, and the authenticity of the originals of those latter documents. As to questions of fact material to this opinion, we have, to the extent deemed appropriate, relied upon certain representations of certain officers and employees of the Company.

 

Based upon the foregoing, we are of the opinion that:

 

1. Units. When the Registration Statement becomes effective under the Securities Act of 1933, as amended (the “Act”), and when the offering is completed as contemplated by the Registration Statement, such Units will be legally binding obligations of the Company, enforceable in accordance with their terms except: (a) as such enforceability may be limited by bankruptcy, insolvency, reorganization or similar laws affecting creditors’ rights generally and by general equitable principles (regardless of whether enforceability is considered in a proceeding in equity or at law); (b) as enforceability of any indemnification or contribution provision may be limited under the federal and state securities laws; (c) that the remedy of specific performance and injunctive and other forms of equitable relief may be subject to the equitable defenses and to the discretion of the court before which any proceeding therefor may be brought; and (d) we express no opinion as to whether a state court outside of the State of New York or a federal court of the United States would give effect to the choice of New York law provided for in the Warrant Agreement.

 

 

 

 

2. Common Stock -- Units. When the Registration Statement becomes effective under the Act and when the offering is completed as contemplated by the Registration Statement, the shares of Common Stock underlying the Units will be validly issued, fully paid and non-assessable.

 

3. Warrants. When the Registration Statement becomes effective under the Act and when the Warrants underlying the Units are issued, delivered and paid for as part of the Units, as contemplated by the Registration Statement, such Warrants will be legally binding obligations of the Company enforceable in accordance with their terms except: (a) as such enforceability may be limited by bankruptcy, insolvency, reorganization or similar laws affecting creditors’ rights generally and by general equitable principles (regardless of whether enforceability is considered in a proceeding in equity or at law); (b) as enforceability of any indemnification or contribution provision may be limited under the federal and state securities laws; (c) that the remedy of specific performance and injunctive and other forms of equitable relief may be subject to the equitable defenses and to the discretion of the court before which any proceeding therefor may be brought; and (d) we express no opinion as to whether a state court outside of the State of New York or a federal court of the United States would give effect to the choice of New York law provided for in the Warrant Agreement.

 

4. Common Stock – Warrants. When issued upon exercise of the Warrants against payment therefor as set forth in the Registration Statement, the shares of Common Stock underlying the Warrants will be validly issued, fully paid and non-assessable

 

Our opinion herein is expressed solely with respect to the Delaware General Corporation Law of the State of Delaware and, as to the Units and the Warrants constituting legally binding obligations of the Company, solely with respect to the laws of the State of New York. Our opinion is based on these laws as in effect on the date hereof and as of the effective date of the Registration Statement, and we assume no obligation to revise or supplement this opinion after the effective date of the Registration Statement should the law be changed by legislative action, judicial decision or otherwise. Where our opinions expressed herein refer to events to occur at a future date, we have assumed that there will have been no changes in the relevant law or facts between the date hereof and such future date. Our opinions expressed herein are limited to the matters expressly stated herein and no opinion is implied or may be inferred beyond the matters expressly stated. Not in limitation of the foregoing, we are not rendering any opinion as to the compliance with any other federal or state law, rule or regulation relating to securities, or to the sale or issuance thereof.

 

We hereby consent to the use of this opinion as an exhibit to the Registration Statement, to the use of our name as your counsel and to all references made to us in the Registration Statement and in the prospectus forming a part thereof. In giving this consent, we do not hereby admit that we are in the category of persons whose consent is required under Section 7 of the Act, or the rules and regulations promulgated thereunder.

 

Very truly yours,

 

/s/ Tarter Krinsky & Drogin LLP