Dune Acquisition reduces Global Hydrogen acquisition equity value to $48M from $57.5M

Global Gas Corp

First Amendment to Unit Purchase Agreement dated August 22, 2023 reduces Company Equity Value to $48M.
Previous Company Equity Value was $57.5M, representing a $9.5M reduction.
Parties include Dune Acquisition Corporation, Global Gas Holdings, Global Hydrogen Energy, and Sellers.
All other terms of the original Purchase Agreement remain unchanged.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Global Gas Corp amended First Amendment to Unit Purchase Agreement with Dune, Holdings, Global Hydrogen and the Sellers valued at reduced from $57.5 million to $48.0 million (effective 2023-08-22).

Action: amendment
Counterparty: Dune, Holdings, Global Hydrogen and the Sellers
Value: reduced from $57.5 million to $48.0 million
Effective: 2023-08-22

Exact text from the filing

On August 22, 2023, Dune, Holdings, Global Hydrogen and the Sellers entered into the First Amendment to Unit Purchase Agreement (the “Amendment”), pursuant to which the aggregate share consideration to be paid to the Sellers (as set forth in the “Company Equity Value” definition in the Purchase Agreement) was reduced from $57.5 million to $48.0 million.

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Source: SEC EDGAR

accession 0001213900-23-070262

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