Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
FORWARD AIR CORP entered into Settlement and Release Agreement with Omni Newco, LLC and certain other parties (effective 2024-01-22).
- Action
- entry
- Agreement
- settlement
- Counterparty
- Omni Newco, LLC and certain other parties
- Effective
- 2024-01-22
Exact text from the filing
On January 22, 2024, Forward Air Corporation (the “ Company ” or “ Forward ”), Omni Newco, LLC, a Delaware limited liability company (“ Omni ”), and certain other parties entered into a Settlement and Release Agreement (the “ Settlement Agreement ”), settling all litigation claims that were the subject of proceedings pending in the matter of Omni Newco, LLC v Forward Air Corporation, et al , No. 2023-1104 (Del. Ch.) (the “ Transaction Litigation ”)
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
FORWARD AIR CORP amended Amendment No. 1 to the Original Merger Agreement with Omni Newco, LLC (effective 2024-01-22).
- Action
- amendment
- Agreement
- merger
- Counterparty
- Omni Newco, LLC
- Effective
- 2024-01-22
Exact text from the filing
On January 22, 2024 (the “ Amendment Date ”), Forward and Omni entered into the Amendment which, among other things, provides that Forward will acquire Omni for a combination of (a) $20,000,000 of cash and (b) (i) common equity consideration representing 5,135,005 shares of Forward’s outstanding common stock, par value $0.01 per share (“ Common Stock ”) on an as-converted and as-exchanged basis (the “ Common Equity Consideration ”)
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