Latest Non-Redemption Agreements: Andretti
Andretti Acquisition Corp. (WNNR) Adds Non-Redemption Agreement
On July 6, Andretti Sponsor, L.P., and Andretti Acquisition Corp. (NYSE: WNNR) entered into a non-redemption agreement with an unaffiliated third party.
Pursuant to the Non-Redemption Agreement, the Investor agreed not to redeem an aggregate of 350,000 Class A ordinary shares of the company.
In exchange for the foregoing commitment not to redeem such shares, the sponsor has agreed to transfer to the Investor an aggregate of 87,500 Class B ordinary shares held by the sponsor immediately following consummation of an initial business combination if the Investor continues to hold such shares through the special meeting.
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Terms Tracker for the Week Ending December 1, 2023 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. For the most part, this was a quiet week for filings being that it followed the Thanksgiving holiday. Ideally, bankers, lawyers and teams got a...
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At the SPAC of Dawn There had been hopes that this week would take one world conflict off the board, but combat has resumed in the Middle East as other eyes are likely to be fixed on new Fed comments today. The fighting in Gaza continues to not appear to have appreciable affects on the...