The Latest Non-Redemption Agreements: May 16, 2023
Latest Non-Redemption Agreements: Bleuacacia and Capitalworks Emerging Markets
Bleuacacia (BLEU) Adds Non-Redemption Agreement
Capitalworks Emerging Markets Acquisition Corp. (CMCA) Adds Non-Redemption Agreement
On May 15, 2023, Capitalworks Emerging Markets Acquisition Corp. (NASDAQ:CMCA) and its sponsor, CEMAC Sponsor LP, entered into non-redemption agreements with certain unaffiliated third parties in exchange for the holders agreeing either not to request redemption, or to reverse any previously submitted redemption demand with respect to an aggregate of 400,000 Class A ordinary shares.
In consideration of the foregoing agreement, immediately prior to, and substantially concurrently with, the closing of an initial business combination, the Sponsor will surrender and forfeit to the company for no consideration an aggregate of 100,000 shares and the company will issue to the holders a number of Class A ordinary shares equal to the Forfeited Shares.READ