Latest Non-Redemption Agreements: LAMF Global Ventures I and PowerUp
LAMF Global Ventures Corp. I (LGVC) Adds Non-Redemption Agreement
On May 8, LAMF Global Ventures Corp. I (NASDAQ:LGVC) and the Sponsor entered into further non-redemption agreements with additional unaffiliated third-party investors pursuant to which the Additional Investors have, in connection with the Extension Meeting, agreed not to redeem, or to reverse and revoke any prior redemption election with respect to 1,588,000 Non-Redeemed Shares.
Pursuant to the Additional Non-Redemption Agreements, the Sponsor has agreed to transfer to the Investors a number of Class B ordinary shares equal to 21% of the number of Non-Redeemed Shares, or 333,480 Founder Shares, and for each Additional Monthly Extension, a number of Founder Shares equal to 3.5% of the number of Non-Redeemed Shares, or 55,580 Founder Shares for each Additional Monthly Extension, or up to an aggregate of 666,960 Founder Shares if the Initial Extension and all Additional Monthly Extensions are implemented.
In the aggregate, the Initial Investors and Additional Investors agreed not to redeem, or to reverse and revoke any prior redemption election with respect to 2,888,000 Non-Redeemed Shares.
READPowerUp Acquisition Corp. (PWUP) Adds Non-Redemption Agreement
As previously reported, on April 27, 2023, PowerUp Sponsor LLC, the sponsor of PowerUp Acquisition Corp. (NASDAQ:PWUP), and the company, entered into a Non-Redemption Agreement and Assignment of Economic Interest with an unaffiliated third party in exchange for such third party agreeing not to redeem an aggregate of 150,000 Class A ordinary shares of the company.
In exchange for the foregoing commitment not to redeem such shares, the Sponsor agreed to transfer to such investor an aggregate of 75,000 Class B ordinary shares of the Company held by the Sponsor immediately following consummation of an initial business combination if such investor continues to hold such Non-Redeemed Shares through the meeting.
The sponsor and the company have since entered into five additional Non-Redemption Agreements with additional unaffiliated third parties. In exchange for such third parties agreeing not to redeem an aggregate of 750,000 Non-Redeemed Shares, the Sponsor has agreed to transfer to such investors an aggregate of 375,000 Class B Ordinary Shares.
READ
Cayson Acquisition Corp. (NASDAQ:CAPN) has entered into a definitive agreement to combine with boutique investment firm Mango Financial for $300 million in equity consideration. Hong Kong-based Mango provides a range of M&A and equity capital markets advisory services to clients considering listings in China and the US. The combined company is expected to trade on...
Trailblazer (NASDAQ:BLZRU) has filed for a $200 million SPAC to bring a first-time team to market with serial sponsor terms. The new SPAC is offering investors a 1/3 warrant in each unit and it is the first SPAC filed so far this month with 24 months on its initial transaction clock. All other July SPACs...
This week, we speak with Kyivstar CEO Oleksandr Komarov about the company’s $2.2 billion dollar combination with Cohen Circle Acquisition Corp. I (NASDAQ:CCIR). Few companies have been had to forge themselves in the flames recently quite like Ukraine’s leading telecom and digital services provider Kyivstar. Now, Kyivstar is not only telling that story but pitching it to...
At the SPAC of Dawn The market still has one full trading session before it adds Tuesday’s Core CPI reading and a variety of Fed comments to messaging it is already ingesting on US President Donald Trump’s ever-shifting tariff policy. SPACs are meanwhile continuing on with business as usual, with Cayson (NASDAQ:CAPN) announcing the third...
Terms Tracker for the Week Ending July 11, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. One more IPO priced this week bringing July’s total to 8. However, there are still three more weeks left in the month so that number...