Latest Non-Redemption Agreements: Byte Acquisition Corp.
Byte Acquisition Corp. (BYTS) Adds Non-Redemption Agreement
On September 14, BYTE Acquisition Corp. (NASDAQ:BYTE) entered into an amendment to the non-redemption agreement previously entered into on March 8 with an existing shareholder holding 1,000,000 Class A ordinary shares.
Pursuant to the Non-Redemption Agreement, the shareholder agreed to not redeem any Class A Ordinary Shares held by them on the date of the agreement in connection with the vote to amend the company’s completion deadline from September 25 to December 26 and to allow the company, without another shareholder vote to elect to further extend such date by three months until March 26, 2024 and vote all of their shares in favor of the extension presented by the company for approval by its shareholders.
In connection with the foregoing, the company agreed to extend its obligation to pay to the shareholder $0.033 per share in cash per month through the extended date and additional extended date, if applicable.
READ
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Shell company Vertex Tech to buy streaming platform in landmark deal for Singapore Singapore’s Vertex Technology Acquisition Corp (VTAC) (VERT.SI) will buy live streaming platform 17LIVE Inc for up to S$925.1 million ($676 million), the special purpose...
Graf Acquisition Corp. IV (NYSE:GFOR) has closed its combination with NKGen Biotech and its shares and warrants will begin trading on the Nasdaq under the symbols “NKGN” and “NKGNW” today. The SPAC secured shareholder approval for the deal last week with 84.3% redemptions. Graf IV CEO James Graf is set to join the combined company...
An In-Depth Look at SPAC Activity Throughout the Third Quarter of 2023 Below is a summary of the year-to-date SPAC performance. We’re now three-quarters of the way through 2023 and while activity remains muted, there is a sense that SPACs have run the most difficult part of the “correction” gauntlet and have reached a better...
Terms Tracker for the Week Ending September 29, 2023 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. As September comes to a close, SPACs did not price any IPOs during the month with the most recent IPO (99 Acquisition Group) having priced...
Athena Consumer Acquisition Corp. (NYSE:ACAQ) announced this afternoon that its stockholders approved its combination with German EV-maker e.GO at a special meeting held earlier today. Additionally, Athena Consumer’s warrant proposal to convert all outstanding warrants to 0.175 shares in the combined company was also approved. A total of 884,880 shares of Athena Class A Common...