other_materialconfidence high
CAEP enters forward purchase agreement for up to 5M shares; lock-up waiver for 1.5M Class B shares
Cantor Equity Partners III, Inc.
- Forward purchase agreement with Harraden Circle entities: seller to buy up to 5,000,000 Class A shares, prepaid from trust at redemption price.
- Prepayment amount equals number of shares times redemption price; seller waives redemption rights during term.
- Seller may sell recycled shares post-close; if sale price >$15, Counterparty receives excess; minimum sale price $10.
- Maturity is 6 months after business combination closing; Counterparty may extend twice by 3 months each.
- Lock-up waiver for up to 1.5M Class B shares held by Cantor EP Holdings III to meet Nasdaq listing requirements.
item 1.01item 9.01
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