Learn CW Investment Corp amends trust agreement to allow bank demand deposit investments

Learn CW Investment Corp

Amendment No. 1 to Investment Management Trust Agreement dated April 25, 2024.
Trust funds may now be invested in interest-bearing bank demand deposit accounts at Company's direction.
Adds FDIC-insured deposit option to existing U.S. government securities and money market fund choices.
Trustee U.S. Bank National Association remains; $232.3M in trust from IPO and private placement warrants.

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

Learn CW Investment Corp entered into Amendment No. 1 to Investment Management Agreement with U.S. Bank, National Association valued at Investment Management Agreement amended to allow investment of trust account funds in interest-beari (effective 2024-04-25).

Action: entry
Counterparty: U.S. Bank, National Association
Value: Investment Management Agreement amended to allow investment of trust account funds in interest-beari
Effective: 2024-04-25

Exact text from the filing

On April 25, 2024, Learn CW Investment Corporation (the “Company”) entered into Amendment No. 1 (“Amendment No. 1”) to the Investment Management Agreement, dated October 12, 2021 (the “Trust Agreement”), by and between the Company and U.S. Bank, National Association, as trustee.

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Source: SEC EDGAR

accession 0001140361-24-023759

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