8i Acquisition 2 enters prepaid forward for up to 1.125M shares; over 7M shares tendered for redemption at $10.0837

EUDA Health Holdings Ltd

Prepaid Forward Agreement with Alto Opportunity Master Fund for up to 1,125,000 ordinary shares to help ensure Nasdaq listing requirements for the EUDA Health combination.
As of Nov 11, 2022, 7,091,270 shares tendered for redemption; final redemption price set at $10.0837 per share.
Business combination closing expected on or about Nov 16, 2022.
Break-up fee of $1M plus out-of-pocket expenses payable jointly by 8i and EUDA if the transaction is terminated.

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 Prepaid Forward Agreement with EUDA Health Limited and a certain institutional investor (effective 2022-11-13).

Action: entry
Agreement: equity purchase
Counterparty: EUDA Health Limited and a certain institutional investor
Effective: 2022-11-13

Exact text from the filing

On November 13, 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 0001493152-22-031708

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