Dune Acquisition enters forward purchase & PIPE agreements for business combination with Global Hydrogen

Global Gas Corp

Forward Purchase Agreement with Meteora entities for up to 950,000 shares of Dune Class A common stock, funded from trust.
FPA Funding Amount PIPE Subscription Agreement for additional shares, unregistered under Securities Act.
Trust account balance ~$11.96M; estimated redemption price ~$10.03 per share as of Dec 1, 2023.
Seller waived redemption rights for shares purchased via FPA/PIPE; lock-up of 8 months after closing.
Agreements support closing of previously announced business combination; closing subject to stockholder approval.

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 entered into Forward Purchase Agreement with Meteora Strategic Capital, LLC; Meteora Capital Partners, LP; Meteora Select Trading Opportunities Master, LP valued at up to 950,000 shares (effective 2023-12-01).

Action: entry
Agreement: equity purchase
Counterparty: Meteora Strategic Capital, LLC; Meteora Capital Partners, LP; Meteora Select Trading Opportunities Master, LP
Value: up to 950,000 shares
Effective: 2023-12-01

Exact text from the filing

on December 1, 2023, Dune and Global Hydrogen entered into a forward purchase agreement (the “Forward Purchase Agreement”) with each of (i) Meteora Strategic Capital, LLC (“MSC”), (ii) Meteora Capital Partners, LP (“MCP”) and (iii) Meteora Select Trading Opportunities Master, LP (“MSTO” and, collectively with MSC and MCP, the “Seller”) for an OTC Equity Prepaid Forward Transaction.

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

Global Gas Corp entered into Unit Purchase Agreement with Global Hydrogen Energy LLC valued at business combination transaction (effective 2023-05-14).

Action: entry
Agreement: merger
Counterparty: Global Hydrogen Energy LLC
Value: business combination transaction
Effective: 2023-05-14

Exact text from the filing

Dune Acquisition Corporation, a Delaware corporation (“Dune”), entered into a Unit Purchase Agreement, dated May 14, 2023 (as amended on August 22, 2023 and on November 24, 2023, the “Purchase Agreement”), with Global Gas Holdings LLC, a direct, wholly owned subsidiary of Dune, Global Hydrogen Energy LLC (“Global Hydrogen”), William Bennett Nance, Jr., Sergio Martinez and Barbara Guay Martinez, pursuant to which Dune and Global Hydrogen agreed to enter into a business combination transaction

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197 material agreements filed in the last 30 days. Browse all material agreements →

Global Gas Corp filing history →

Source: SEC EDGAR

accession 0001213900-23-092355

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