secwatch.observer — SEC 8-K summary
======================================

Issuer:     EUDA Health Holdings Ltd (EUDA)
CIK:        0001847846
Form:       8-K
Filed at:   2022-06-10T23:59:59+00:00
Accession:  0001493152-22-016462
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

8i Acquisition 2 Corp. amends SPAC deal with EUDA Health; consideration cut to $140M
--------------------------------------------------------------------------------

- Initial consideration reduced to $140M, payable in LAX ordinary shares at $10.00 per share.
- Earnout: up to 4M additional shares based on share price thresholds ($15/$20) or revenue/net income targets (2023: $20.1M/$3.6M; 2024: $40.1M/$10.1M).
- Indemnification basket reduced from $2.5M to $636,636; seller must cover specific liabilities including unpaid receivable of SGD 5.15M.
- Pro forma enterprise value of combined company estimated at $172M; EUDA Health revised projections exclude regional expansion due to COVID delays.
- Second Amendment also expands seller indemnity for employment law compliance and property insurance obligations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1847846/000149315222016462/0001493152-22-016462-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1847846/000149315222016462/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-016462

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer