Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Crown PropTech Acquisitions entered into Non-Redemption Agreements with certain investors and CIIG Management III LLC valued at up to 150,000 Class B ordinary shares assigned to investors in exchange for agreement not to redeem (effective 2023-01-31).
- Action
- entry
- Counterparty
- certain investors and CIIG Management III LLC
- Value
- up to 150,000 Class B ordinary shares assigned to investors in exchange for agreement not to redeem
- Effective
- 2023-01-31
Exact text from the filing
On January 31, 2023, Crown PropTech Acquisitions, a Cayman Islands exempted company (the “Company”), and CIIG Management III LLC (“CIIG Management”), the Company’s co-sponsor, entered into certain non-redemption agreements and assignments of economic interests (the “Non-Redemption Agreements”) with certain investors (the “Investors”) and expect to enter into additional Non-Redemption Agreements prior to the February 7, 2023 Extraordinary General Meeting of shareholders called by the Company (the “Extraordinary General Meeting”) to approve an extension of time for the Company to consummate an initial business combination from February 11, 2023 to February 11, 2024 (the “Extension Proposal”).
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