8i enters prepaid forward agreement for up to 1.4M shares; 8.2M shares redeemed at ~$10.08

EUDA Health Holdings Ltd

Prepaid Forward Agreement with institutional investor: may purchase up to 1,400,000 shares to hold for benefit of 8i or EUDA post-close.
Prior Forward Purchase Agreement with Greentree terminated on November 9, 2022.
8,195,770 shares tendered for redemption; per-share redemption price approximately $10.08.
Purpose: to help meet Nasdaq Global Market listing requirement of $20M minimum market value of unrestricted publicly held shares.

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 terminated Forward Purchase Agreement with Greentree Financial Group, Inc. (effective 2022-11-09).

Action: termination
Counterparty: Greentree Financial Group, Inc.
Effective: 2022-11-09

Exact text from the filing

On November 9, 2022, 8i and Greentree entered into a Termination Agreement (the “Termination Agreement”) terminating the Forward Purchase Agreement

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

EUDA Health Holdings Ltd entered into Prepaid Forward Agreement with certain institutional investor valued at no more than 1,400,000 shares (effective 2022-11-09).

Action: entry
Agreement: equity purchase
Counterparty: certain institutional investor
Value: no more than 1,400,000 shares
Effective: 2022-11-09

Exact text from the filing

November 9, 2022, 8i Acquisition 2 Corp. (the “Company, “8i” or “LAX”), EUDA Health Limited (“EUDA” or “EUDA Health”) and certain institutional investor (the “Seller”) entered into an agreement (the “Prepaid Forward Agreement”) for an equity prepaid forward transaction

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EUDA Health Holdings Ltd filing history →

Source: SEC EDGAR

accession 0001493152-22-031193

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