secwatch.observer — SEC 8-K summary
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Issuer:     Invest Acquisition Corp (—)
CIK:        0001857410
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001193125-24-132580
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Investcorp Europe Acquisition Corp I enters Third Amendment to Business Combination Agreement with OpSec Holdings
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- Third Amendment dated May 3, 2024 modifies Business Combination Agreement among SPAC, Pubco, OpSec, OpSec Shareholders.
- Divestiture proceeds escrow account holds purchase price less expenses; $7.8M may be released to SPAC for expenses.
- Orca Midco may receive $3M escrow advance if merger not closed by May 28, 2024 and $73.8M if not by Aug 26, 2024.
- SPAC may terminate BCA through Aug 10, 2024 if Divestiture done and transaction not in shareholders' best interest.
- Termination fee of $30M payable to SPAC if termination due to outside date or governmental order, subject to conditions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1857410/000119312524132580/0001193125-24-132580-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1857410/000119312524132580/d829548d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-132580

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