The Latest Non-Redemption Agreements: April 25, 2023
by Marlena Haddad on 2023-04-25 at 5:52pm

Latest Non-Redemption Agreements: Apollo Strategic Growth Capital II, and Juniper II Corp.


Apollo Strategic Growth Capital II (APGB) Adds Non-Redemption Agreement

Apollo Strategic II (NYSE:APGB) today announced that it entered into a non-redemption agreement with an unaffiliated third party. Under the non-redemption agreement, the investor agreed not to redeem an aggregate of 1,500,000 non-redeemed shares at the meeting, in exchange for which commitment the sponsor has agreed to transfer to the investor an aggregate of 300,000 Class B ordinary shares.

The agreement is not expected to increase the likelihood that the extension proposal is approved by shareholders but will increase the amount of funds that remain in the trust account following the meeting.

READ

Juniper II Corp. (JUN.U) Adds Non-Redemption Agreement

On April 24, Juniper II Corp. (NYSE:JUN) entered into non-redemption agreements with 7 unaffiliated third parties in exchange for the holders agreeing either not to request redemption in connection with the extension proposal or to reverse any previously submitted redemption demand with respect to an aggregate of 2,240,900 shares of the Company’s Class A common stock.

Additionally, one of the third parties has agreed to use commercially reasonable efforts either not to request redemption in connection with the extension or to reverse any previously submitted redemption demand with respect to an additional 359,100 shares of Class A Common Stock on or prior to 5 p.m. Eastern Time on April 27, 2023.

In consideration of the foregoing agreements, 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 672,270 shares of Class B common stock and in consideration of the holders’ agreements, the company will issue to the holders a number of Class A Common Stock equal to the forfeited shares.

READ

 

The Latest Non-Redemption Agreements: April 25, 2023
Recent Posts
by Nicholas Alan Clayton on 2025-07-07 at 9:05am

Emmis Acquisition Corporation (NASDAQ:EMISU) has filed for a $100 million SPAC to take a look at the manufacturing sector after a few unique wrinkles in their IPO process. Initial investors are set to receive one right to a 1/10 share in each unit purchased and the SPAC will have 18 months to complete a business...

by Nicholas Alan Clayton on 2025-07-07 at 8:50am

Chenghe III (NASDAQ:CHEC.U) has filed for a $110 million SPAC to continue the team’s growing series while turning to a new underwriter. The new SPAC is offering investors a 1/2 warrant in each unit and no overfunding of the trust, but it will need to complete a business combination within 18 months of its IPO...

by Nicholas Alan Clayton on 2025-07-07 at 8:22am

At the SPAC of Dawn Futures sit slightly red as investors return from holidays of barbecues and fireworks to renewed concerns about where US President Donald Trump’s tariff policy might hamper trade. The latest shift produced a further one-month delay in most of the tariffs Trump has threatened to impose as his administration continues to...

by Kristi Marvin on 2025-07-05 at 10:02am

Terms Tracker for the Week Ending July 3, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. We’re heading into the July 4th holiday, so we’ll keep this week’s column short and to the point. But before you head to the beach,...

by Nicholas Alan Clayton on 2025-07-03 at 12:54pm

Crown PropTech (OTC:CPTKW) has entered into a definitive agreement to combine with rare earth mining firm Mkango Resources (TSX-V:MKA) at a pre-money equity value of $400 million. London-based Mkango is working to commercialize a chain of rare earth mining and refining facilities in Africa and Europe. The combined company is expected to trade on the...

logo

Copyright © 2025 SPACInsider, Inc. All Rights Reserved