The Latest Non-Redemption Agreements: May 16, 2023
by Marlena Haddad on 2023-05-16 at 5:37pm

Latest Non-Redemption Agreements: Bleuacacia and Capitalworks Emerging Markets


Bleuacacia (BLEU) Adds Non-Redemption Agreement

On May 2, 2023, bleuacacia ltd (NASDAQ:BLEU) and the Sponsor entered into a non-redemption agreement with an unaffiliated third party, pursuant to which such third party agreed not to redeem an aggregate of 53,600 Class A ordinary shares.
In exchange for the foregoing commitments not to redeem such Class A ordinary shares, the Sponsor agreed to transfer an aggregate of 13,400 Class B ordinary shares. The Non-Redemption Agreement will increase the amount of funds that remain in the Company’s trust account following the Extension Meeting.
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Capitalworks Emerging Markets Acquisition Corp. (CMCA) Adds Non-Redemption Agreement

On May 15, 2023, Capitalworks Emerging Markets Acquisition Corp. (NASDAQ:CMCA) and its sponsor, CEMAC Sponsor LP, entered into non-redemption agreements with certain unaffiliated third parties in exchange for the holders agreeing either not to request redemption, or to reverse any previously submitted redemption demand with respect to an aggregate of 400,000 Class A ordinary shares.

In consideration of the foregoing agreement, immediately prior to, and substantially concurrently with, the closing of an initial business combination, the Sponsor will surrender and forfeit to the company for no consideration an aggregate of 100,000 shares and the company will issue to the holders a number of Class A ordinary shares equal to the Forfeited Shares.

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