RMG Acquisition Corp. III terminates merger agreement with H2B2 Electrolysis after missing March 31 deadline

RMG Acquisition Corp. III

Company delivered termination notice to H2B2 on April 1, 2024, effective March 31, 2024.
Merger Agreement terminated because closing did not occur on or before March 31, 2024.
Related Support Agreements with H2B2 stockholders and RMG Sponsor III LLC also terminated.
SPAC now must seek new business combination target or face potential liquidation.

item 1.02

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

RMG Acquisition Corp. III terminated Agreement and Plan of Merger with H2B2 Electrolysis, Inc. (effective 2024-03-31).

Action: termination
Agreement: merger
Counterparty: H2B2 Electrolysis, Inc.
Effective: 2024-03-31

Exact text from the filing

On April 1, 2024, the Company delivered a termination notice to H2B2 notifying it that the Company was exercising its right to terminate the Merger Agreement effective March 31, 2024, since the closing of the transactions contemplated by the Merger Agreement had not occurred on or prior to March 31, 2024.

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Source: SEC EDGAR

accession 0001140361-24-017769

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