Latest Non-Redemption Agreements: Fusion Acquisition Corp. II
Fusion Acquisition Corp. II (FSNB) Adds Non-Redemption Agreement
On August 25, Fusion Acquisition Corp. II (NYSE:FSNB) and Fusion Sponsor II LLC entered into a non-redemption agreement with an unaffiliated third-party investor, pursuant to which the investor has agreed not to redeem, or to reverse and revoke any prior redemption election with respect to 220,000 shares of Class A common stock.
Pursuant to the agreement, the sponsor has agreed to transfer to the investor 55,500 shares of Class B common stock in connection with the consummation of the business combination.
The company and the sponsor may enter into similar, additional non-redemption agreements with other parties in connection with the extension meeting. The agreements are not expected to increase the likelihood that the extension is approved by stockholders at the meeting but will increase the amount of funds that remain in the company’s trust account.
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GigCapital 5, Inc. (GIA) Signs Non-Redemption Agreements GigCapital 5 (NASDAQ:GIA) announced in an 8-K this morning that it has entered non-redemption agreements with third parties that will secure up to 2,042,903 shares from redemption. One of these third parties is Meteora Capital Partners and the investors have made this commitment with the caveat that none...
Anzu Special Acquisition Corp I (NASDAQ:ANZU) announced this afternoon that its stockholders voted in favor of the proposed business combination with Envoy Medical Corporation (“Envoy”), held earlier today. Details on the vote, along with redemption numbers, have not been filed yet, but the Company expects the business combination to be consummated on September 29, 2023....
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