The Latest Non-Redemption Agreements: August 25, 2023
by Marlena Haddad on 2023-08-25 at 5:50pm

Latest Non-Redemption Agreements: Fusion Acquisition Corp. II

Fusion Acquisition Corp. II (FSNB) Adds Non-Redemption Agreement

On August 25, Fusion Acquisition Corp. II (NYSE:FSNB) and Fusion Sponsor II LLC entered into a non-redemption agreement with an unaffiliated third-party investor, pursuant to which the investor has agreed not to redeem, or to reverse and revoke any prior redemption election with respect to 220,000 shares of Class A common stock.

Pursuant to the agreement, the sponsor has agreed to transfer to the investor 55,500 shares of Class B common stock in connection with the consummation of the business combination.

The company and the sponsor may enter into similar, additional non-redemption agreements with other parties in connection with the extension meeting. The agreements are not expected to increase the likelihood that the extension is approved by stockholders at the meeting but will increase the amount of funds that remain in the company’s trust account.



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