Latest Non-Redemption Agreements: Healthcare AI
Healthcare AI Acquisition Corp. (HAIA) Adds Non-Redemption Agreement
On August 7, Healthcare AI Acquisition Corp. (NASDAQ:HAIA) and its sponsor, Atticus Ale, entered into a non-redemption agreement with one or more unaffiliated third parties in exchange for such third parties agreeing not to redeem their ordinary shares.
In exchange for the foregoing commitments not to redeem such shares, for every 150,000 non-redeeming shares, the sponsor has agreed to transfer to such third party or third parties 80,000 shares, immediately following the consummation of an initial business combination if they continue to hold such shares through the extension meeting.
The sponsor intends to enter into additional non-redemption agreements prior to the meeting.
The non-redemption agreements are not expected to increase the likelihood that the extension proposals are approved by stockholders but are expected to increase the amount of funds that remain in the trust account following the meetingREAD