Latest Non-Redemption Agreements: Banyan Acquisition Corporation, Cactus Corp. 1 Limited
Banyan Acquisition Corp. (BYN) Adds Non-Redemption Agreement
On April 12, 2023, Banyan Acquisition Corporation (NYSE:BYN) entered into non-redemption agreements with unaffiliated third parties, pursuant to which such third parties have agreed not to redeem an aggregate of 2,240,400 shares of Class A common stock of the company.
Pursuant to such Non-Redemption Agreements, the sponsor has agreed to transfer an aggregate of 560,100 shares of Class B common stock of the company to such third parties.
In connection with the extension meeting and including the agreements disclosed above, the company and sponsor have entered into agreements with unaffiliated third parties, pursuant to which such third parties have agreed not to redeem an aggregate of 4,000,000 Non-Redeemed Shares. Pursuant to the agreements, the sponsor has agreed to transfer an aggregate of 1,000,000 Founder Shares to such third parties.
READCactus Acquisition Corp. 1 Limited (CCTS) Adds Non-Redemption Agreement
In connection with Cactus Corp. 1’s (NASDAQ:CCTS) meeting, the company and its sponsor, Cactus Healthcare Management LP, entered into non-redemption agreements with several unaffiliated third parties.
Pursuant to the agreements, the non-redeeming shareholders agreed not to redeem an aggregate of 2,000,000 Class A ordinary shares of the company related to the shareholder vote. In exchange for the foregoing commitments not to redeem the shares, the sponsor agreed to transfer an aggregate of 100,000 Class B ordinary shares to the shareholders immediately following, and subject to, consummation of an initial business combination.
The number of Class B ordinary shares transferable by the sponsor to the shareholders is subject to potential increase if the number of Class A ordinary shares that are not redeemed in connection with the meeting exceeds 2,000,000; however, the total number of Class B ordinary shares that may be transferred to the shareholders, in the aggregate, will not exceed 250,000.
READ


Vendome Acquisition Corporation I (NASDAQ:VNMEU) announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “VNMEU”, Wednesday, July 2, 2025. The new SPAC plans to focus its search on target business in the consumer sector operating in North America, Southeast Asia, and Europe....
Origin Investment Corp. I (NASDAQ:ORIQU) announced the pricing of its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ORIQU”, Wednesday, July 2, 2025. The new SPAC aims to mount a broad search for a target with a strong management and both revenue and earnings growth potential....
1RT Acquisition Corp. (NASDAQ:ONCHU) announced the pricing of its $150 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ONCHU”, Wednesday, July 2, 2025. The new SPAC plans to target company in the digital asset ecosystem involved in the creation, storage, exchange or management of such assets, whether...
D. Boral ARC Acquisition II Corp. (NASDAQ:ARBCU) has filed for a $250 million SPAC to give underwriter D. Boral a second in-house SPAC to pursue deals with. The new SPAC offers investors a 1/2 warrant and an initial 18-month time frame to complete a deal. D. Boral II’s sponsor may automatically extend this once by...
Ribbon (NASDAQ:RIBB) has entered into a definitive agreement to combine with Japanese biotech firm DRC Medicine at a pro forma equity value of $422 million. Tokyo-based DRC Medicine manufactures reusable anti-bacterial and anti-allergen wearables and aims to go deeper into the medical device and pharmaceutical space. Transaction Overview Ribbon is expected to provide $50.4 million...