ACAB enters forward purchase deal for up to 500K shares; 80.5% of public shares seek redemption

Abpro Holdings, Inc.

Forward Purchase Agreement with YA II PN for up to 500,000 recycled shares; prepayment from trust at ~$11.28/share.
As of Nov 8, 2024, 436,019 ACAB public shares (80.55%) elected redemption; estimated $11.28 per share redemption price.
Seller waives redemption rights on recycled shares during term of Forward Purchase Agreement.
Reset Price initially $10.00, subject to weekly adjustment to lowest of current Reset Price, $10.00, or 3-day VWAP.
Transaction structured to comply with tender offer rules (Rule 14e-5) and support Business Combination with Abpro.

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