The Latest Non-Redemption Agreements: March 29, 2023
Mar 29, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad
Latest Non-Redemption Agreements: Home Plate Acquisition Corp.
Home Plate (HPLT) Adds Non-Redemption Agreement
On March 29, Home Plate Acquisition Corporation (NASDAQ:HPLT) and its sponsor entered into a non-redemption agreement with one or more unaffiliated third parties. The third parties agreed not to redeem an aggregate of 2,049,999 shares of Class A common stock at the company’s special meeting where it is hoping to extend its completion deadline to October 4.
In exchange for the foregoing commitments not to redeem the shares, the sponsor will transfer 410,000 shares of Home Plate’s Class A common stock held by the sponsor immediately after the consummation of an initial business combination.READ