February 15, 2023 Redemption Rate 0% Transaction Price (Assumed) $10.00 per share Enterprise Value *$761 million [Market Cap (-) Cash in Trust OR *$965 million (-) $204 million] Market Cap Value $965 million *Denotes estimated figures by CPC #Reported as on September 30, 2022
December 8, 2022 $100 million Less: Target Closing Indebtedness Add: Aggregate Exercise Price Add: Target Closing Cash Add: Aggregate Principal of any convertible promissory notes entered into by Target (on or after the date of the Business Combination Agreement but before closing) Adjusted Equity Value Note: If Target raises additional capital by the issuance of …
November 23, 2022 Lock-Up Shares Lock-Up Period Early Release 50% 1-year post-closing If price equals or exceeds $12.00 per share after closing 50% 1-year post-closing If price equals or exceeds $15.00 per share after closing Cash in Trust Less: Redemptions Add: PIPE ≥ $30.0 million Add: Target Line of Credit ≤ $10.0 million Less: Reduction …
Chavant Capital Acquisition Corp. (CLAY) Merger with Mobix Labs (Private) Read More »
December 21, 2022 Lock-Up Party Lock-Up Shares Lock-Up Period Early Release Key Target Shareholders Preferred Holders Non-Voting Holders 3a Capital Establishment and Trillium Partners L.P 94% 50% – 12 months post-closing 50% – 6 months post-closing If the price equals or exceeds $12.00 per share after 150 days post-closing Front Four Front Four Management …
Edify Acquisition Corp. (EAC) Merger with Unique Logistics International (OTCMKTS: UNQL) Read More »
*Denotes estimated figures by CPC #Reported as on September 30, 2022
November 16, 2022 Assuming 88% redemptions Cash in Trust Add: PIPE Less: Redemptions Less: Transaction Expenses (Parabellum and EnOcean) Less: Deferred Underwriting Fee (Payable by Parabellum) *Denotes estimated figures by CPC #Reported as on June 30, 2022
November 12, 2022 Particulars Meaning Notes Purpose of FPA To ensure the aggregate cash proceeds condition will be met, therefore increasing the likelihood that the transaction will close BCSA entered into a Forward Purchase Agreement with with Vellar Opportunity Fund SPV LLC – Series 5 FPA Seller Vellar Opportunity Fund SPV LLC – Series 5 …
Blockchain Coinvestors Acquisition Corp. I (BCSA) Merger with Qenta (Private) Read More »
November 10, 2022 Cash in Trust Less: Redemptions Add: PIPE Financing *Denotes estimated figures by CPC #Reported as on September 30, 2022
November 9, 2022 No. of Earnout shares Earnout Period Earnout Performance Milestone 968,750 shares Between 18 months and 24 months of closing VWAP ≥ $12.50/share If both milestones are satisfied by second anniversary of closing, then Sponsor and Target Shareholders will be issued additional shares equal to the number of shares foregone to obtain additional …
NorthView Acquisition Corporation (NVAC) Merger with Profusa (Private) Read More »
October 27, 2022 No of Earnout shares Current Valuation Revenue equals or exceeds 5.00 million shares $50.0 million $15.0 million March 31, 2024 5.00 million shares $50.0 million $30.0 million March 31, 2025 *Denotes estimated figures by CPC #Reported as on September 30, 2022
