The Latest Non-Redemption Agreements: May 23, 2023
by Marlena Haddad on 2023-05-23 at 5:34pm

Latest Non-Redemption Agreements:  Capitalworks Emerging Markets


Capitalworks Emerging Markets Acquisition Corp. (CMCA) Adds Non-Redemption Agreement

On May 22, Capitalworks Emerging Markets Acquisition Corp (NASDAQ:CMCA) and its sponsor, CEMAC Sponsor LP, entered into an additional non-redemption agreement with certain unaffiliated third party in exchange for the Holder agreeing either not to request redemption, or to reverse any previously submitted redemption demand with respect to 399,737 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 99,935 company’s Class B ordinary shares and the company will issue to the holders a number of Class A ordinary shares equal to the Forfeited Shares.

CMCA has entered into Non-Redemption Agreements with respect to an aggregate of 4,399,737 Class A ordinary shares, and have agreed to issue an aggregate of 1,099,935 Class A ordinary shares while the sponsor has agreed to surrender and forfeit an aggregate of 1,099,935 Forfeited Shares for no consideration immediately prior to, and substantially concurrently with, the closing of an initial business combination.

READ

 

The Latest Non-Redemption Agreements: May 23, 2023
Recent Posts
by Nicholas Alan Clayton on 2025-07-16 at 8:18am

At the SPAC of Dawn Rare earth miner MP Materials (NYSE:MP) was one of the early winners of the 2020 SPAC boom, having picked up momentum following its 2020 deal with Fortress Value. But, the company’s news that it will become a major supplier of battery materials for Apple’s empire of electronic devices has sent...

by Nicholas Alan Clayton on 2025-07-15 at 7:20pm

Solarius Capital Acquisition Corp. (NASDAQ:SOCAU) announced the pricing of its $150 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “SOCAU”, Wednesday, July 16, 2025. The new SPAC plans to combine with a target in the asset management, wealth management or financial services industries. Solarius Capital’s management team...

by Nicholas Alan Clayton on 2025-07-15 at 10:47am

Exciting new things are coming for SPACInsider subscribers, and some have already arrived! This summer, SPACInsider is unveiling the SPACInsider Alerts App on iOS with an Android launch soon to follow. The app allows subscribers to stay ahead of the SPAC market with real-time, customizable filing alerts with instant notifications landing the moment that a...

by Nicholas Alan Clayton on 2025-07-15 at 8:29am

At the SPAC of Dawn Futures are largely green with the CPI reading coming up, and several SPACs and de-SPACs have cause to feel bullish regardless of what the reading states. Pharma and beauty company Longevity Health (NASDAQ:XAGE) announced it will acquire plasma collection firm True Health ahead of market open in news that has...

by Kristi Marvin on 2025-07-15 at 6:06am

Silver Pegasus Acquisition Corp. (NASDAQ:SPEGU) announced the pricing of its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “SPEGU”, Tuesday, July 15, 2025. The new SPAC plans to search within the technology sector, with a focus on semiconductors and systems solutions. Silver Pegasus Acquisition Corp.’s management...

logo

Copyright © 2025 SPACInsider, Inc. All Rights Reserved