Latest Non-Redemption Agreements: EVe Mobility and Swiftmerge
EVe Mobility Acquisition Corp. (EVE) Adds Non-Redemption Agreement
On June 7, EVe Mobility Acquisition Corp. (NYSE:EVE) and the sponsor entered into further non-redemption agreements with additional unaffiliated third party investors pursuant to which the investors have, in connection with the Extension Meeting, agreed not to redeem their Class A Ordinary Shares. The Non-Redemption Agreements with investors are with respect to an aggregate of 4,000,000 Class A Ordinary Shares.
Pursuant to the Non-Redemption Agreements, the sponsor has agreed to transfer to the investors for the initial extension, a number of founder shares equal to 21% of the number of Non-Redeemed Shares, or 840,000 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 140,000 Founder Shares for each Additional Monthly Extension, or up to an aggregate of 1,680,000 Founder Shares if the initial extension and all Additional Monthly Extensions are implemented.
READSwiftmerge Acquisition Corp. (IVCP) Adds Non-Redemption Agreement
On June 6, Swiftmerge Acquisition Corp. (NASDAQ:IVCP) entered into voting and non-redemption agreements with one or more unaffiliated third party or parties in exchange for each such third party or third parties agreeing not to redeem Class A ordinary shares at the meeting.
In exchange for the foregoing commitments not to redeem such shares, the company has agreed to among other items: file a registration statement on Form S-1 with the SEC to permit the resale of the Shareholders’ Class A Ordinary Shares issuable upon conversion of the Company’s Class B ordinary shares within 30 days following the closing of the initial business combination and will use its best efforts to cause the registration statement to be declared effective by the SEC within 90 days after the closing of the Business Combination; the Class B Ordinary Shares owned by the shareholders will automatically convert into Class A Ordinary Shares upon the closing of the deal; and the shareholders shall not be required to enter into any lock-up agreement with respect to the Class A Ordinary Shares and Class B Ordinary Shares in connection with the transaction.
READAthena 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...
October is set to be a quiet month for lock-up expirations with only four de-SPACs and four sponsors now open to trade their shares for the first time. The first customer is Bitdeer Technologies. Its shareholders and the Blue Safari sponsor both stand to gain the most out of this group from moving some of...
Graf Acquisition Corp. IV (NYSE:GFOR) announced in an 8-K this afternoon that its shareholders approved its combination with NKGen Biotech at a special meeting September 25. A total of 3,386,528 shares were redeemed in connection with the vote, leaving Graf IV with about $27.6 million in the tank and a final redemption rate of 84.3%....
Anzu Special Acquisition Corp I (NASDAQ:ANZU) has closed its combination with Envoy Medical and its shares and warrants are to begin trading on the Nasdaq under the symbols “COCH” and “COCHW” on October 2. The SPAC secured shareholder approval on September 27 and still has not divulged redemption figures. But, it went into the vote...
Mercato Partners (NASDAQ:MPRA) closed its combination with Brazilian software firm Nuvini this afternoon and its shares and warrants are expected to begin trading on the Nasdaq under the symbols “NVNI” and “NVNIW” on October 2. The combined company will continue to be led by its existing CEO and a seven-member Board including Mercato CEO Dr....