8i Acquisition 2 enters forward purchase agreement with Greentree to support business combination with EUDA Health

EUDA Health Holdings Ltd

Forward Purchase Agreement with Greentree for up to 125,000 shares at $10.41 each, on 60th day post-closing.
Waiver Agreement waives several closing conditions, including bank consents and EUDA's minimum $10M cash requirement.
GSV Capital advisory fee reduced from 50,000 to 12,500 shares of 8i after closing.
Pro forma combined revenue $5.1M for H1 2022; net loss $864K attributable to shareholders.
Risk added: 8i will not have immediate access to escrowed funds after closing, potentially affecting liquidity.

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

EUDA Health Holdings Ltd entered into Forward Purchase Agreement with Greentree Financial Group, Inc. (effective 2022-11-01).

Action: entry
Agreement: equity purchase
Counterparty: Greentree Financial Group, Inc.
Effective: 2022-11-01

Exact text from the filing

On November 1, 2022, the Company and Greentree Financial Group, Inc., a Florida corporation (the “ Investor ”) entered into a Forward Share Purchase Agreement (the “ Forward Purchase Agreement ”) pursuant to which, on the sixty (60) day anniversary of the date of the closing of the Share Purchase, the Investor may elect to sell and transfer to the Company, and the Company will purchase, in the aggregate up to 125,000 ordinary shares of the Company, no par value per share (the “ Investor Shares ”) then held by the Investor.

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EUDA Health Holdings Ltd filing history →

Source: SEC EDGAR

accession 0001493152-22-030856

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