Trinity Place extends stock purchase closing to Feb 16; JV Investor guarantees up to $1.12M for D&O insurance

Trinity Place Holdings Inc.

Outside closing date for Transactions extended to February 16, 2024.
JV Investor affiliates guarantee up to $1,120,000 for D&O insurance funding, reduced dollar-for-dollar by certain cash receipts.
Amendment modifies JV operating agreement to include D&O insurance maintenance and tail policy provisions.
Guarantee terminates upon receipt of D&O Insurance Reserve Funds or closing of a TopCo Strategic Transaction.

item 1.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Trinity Place Holdings Inc. amended Amendment with TPHS Lender LLC, TPHS Investor LLC (effective 2024-01-30).

Action: amendment
Agreement: equity purchase
Counterparty: TPHS Lender LLC, TPHS Investor LLC
Effective: 2024-01-30

Exact text from the filing

mendment (the “ Amendment ”) to the Stock Purchase Agreement, pursuant to which the outside closing date for the transactions contemplated by the Stock Purchase Agreement (the “ Transactions ”) was extended to February 16, 2024,

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Source: SEC EDGAR

accession 0001104659-24-010629

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