ACAB enters non-redemption deal to reduce redemptions up to 124K shares before Abpro vote

Abpro Holdings, Inc.

Non-redemption agreement with Sandia Investment Management LP covering up to 124,352 shares.
Investor rescinds redemption demands; receives payment of redemption price minus $9.00 per share at close.
Abpro guarantees reimbursement to investor if business combination not closed by Nov 20, 2024.
Special meeting to approve business combination scheduled for November 7, 2024.
Agreement is intended to reduce redemptions and support closing of the Abpro merger.

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