Latest Non-Redemption Agreements: Healthcare AI
Healthcare AI Acquisition Corp. (HAIA) Adds Non-Redemption Agreement
On August 7, Healthcare AI Acquisition Corp. (NASDAQ:HAIA) and its sponsor, Atticus Ale, entered into a non-redemption agreement with one or more unaffiliated third parties in exchange for such third parties agreeing not to redeem their ordinary shares.
In exchange for the foregoing commitments not to redeem such shares, for every 150,000 non-redeeming shares, the sponsor has agreed to transfer to such third party or third parties 80,000 shares, immediately following the consummation of an initial business combination if they continue to hold such shares through the extension meeting.
The sponsor intends to enter into additional non-redemption agreements prior to the meeting.
The non-redemption agreements are not expected to increase the likelihood that the extension proposals are approved by stockholders but are expected to increase the amount of funds that remain in the trust account following the meeting
READ
L Catterton Asia (NASDAQ:LCAA) announced this morning that it has upsized the committed financing in its combination with EV sports car maker Lotus to $870 million in total. The latest fuel injection comes in the form of $750 million in convertible notes and PIPE commitments under so far undisclosed terms. Counted purely as a PIPE,...
At the SPAC of Dawn SPAC closing timelines can always be somewhat unpredictable, but PROOF I (NYSE:PACI) has the opportunity today to vie for a recent speed record today. It announced a combination with private aviation firm Volato 118 days ago on August 2 and its shareholders are set to vote to approve the combination...
Dune Acquisition Corporation (NASDAQ:DUNE) announced in an 8-K today that it has once again modified its agreement with sustainable energy firm Global Hydrogen. This amendment marks a reduction in Global Hydrogen’s equity value from $48 million to $43 million, alongside an increase in the available shares of common stock that is for the Global Gas Corporation...
At the SPAC of Dawn After mixed signals for the consumer sector earlier this month, initial Black Friday sales numbers have shown that Americans were not too stuffed for a shopping spree this year. Shoppers bagged between $9.8 billion and $10 billion in goods online, depending on one’s preferred source, either of which would be...
Terms Tracker for the Week Ending November 24, 2023 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. This being the Thanksgiving holiday week, we are thankful for a lot of things, but mostly that 2023 is almost over. It’s been a rough...