Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Marti Technologies, Inc. amended Amendment to Convertible Note Subscription Agreements with Galata Acquisition Corp., Marti Technologies Inc., and each PIPE Investor valued at Amended the Subscription Minimum Cash Condition to include additional sources; increased interest ra (effective 2022-12-23).
- Action
- amendment
- Agreement
- notes offering
- Counterparty
- Galata Acquisition Corp., Marti Technologies Inc., and each PIPE Investor
- Value
- Amended the Subscription Minimum Cash Condition to include additional sources; increased interest ra
- Effective
- 2022-12-23
Exact text from the filing
On December 23, 2022, SPAC, the Company and each PIPE Investor entered into an amendment to the Subscription Agreements (collectively, the “ Amendment ”). Pursuant to the terms of the Amendment, the Subscription Minimum Cash Condition was amended to include (a) the aggregate original principal amount of the Convertible Notes issued to the PIPE Investors (including, without duplication, the unsecured convertible promissory notes which may be funded at the subscribers’ option prior to closing and which will convert into Convertible Notes at the closing of the business combination) issued at or prior to the Closing; plus (b) the aggregate amount of Qualified ABL Commitments (as defined in the Amendment), whether drawn or undrawn and inclusive of all drawn and invested cash; plus (c) the aggregate amount of Qualified Equity Commitments (as defined in the Amendment); plus (d) the amounts remaining in SPAC’s Trust Account (following any redemptions); plus (e) the aggregate cash and cash equi
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