M&A
confidence high
sentiment neutral
materiality 0.40
HSAC2 amends backstop and forward purchase agreements with RTW Funds for Orchestra deal
Orchestra BioMed Holdings, Inc.
- Per-share purchase price under both agreements capped at the shareholder redemption price (not exceeding $10.00).
- RTW Funds agree not to vote shares purchased under these agreements in favor of the business combination.
- RTW Funds waive redemption rights for those shares in connection with the vote to approve the combination.
- Amendments executed on October 21, 2022, modifying the July 4, 2022 agreements.