secwatch / observer
8-K filed February 13, 2023, 6:59 PM ET ticker OCEA CIK 0001869974
other material confidence high sentiment neutral materiality 0.55

Aesther Healthcare amends backstop agreement; increases share purchase limit to 8M, defers $4.37M in expenses

Ocean Biomedical, Inc.

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

Ocean Biomedical, Inc. amended Definitive A&R Backstop Agreement with Vellar Opportunity Fund SPV LLC – Series 3 valued at increase the maximum number of shares Vellar may purchase under the Definitive A&R Backstop Agreemen (effective 2023-02-12).

Action
amendment
Agreement
equity purchase
Counterparty
Vellar Opportunity Fund SPV LLC – Series 3
Value
increase the maximum number of shares Vellar may purchase under the Definitive A&R Backstop Agreemen
Effective
2023-02-12
Exact text from the filing
On February 12, 2023, Aesther, Ocean Biomedical and Vellar again amended and restated the Original Backstop Agreement (the “ Definitive A&R Backstop Agreement ”), a copy of which is attached hereto as Exhibit 10.1 and is incorporated herein by reference, to increase the maximum number of shares Vellar may purchase under the Definitive A&R Backstop Agreement from 6,000,000 to 8,000,000.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Ocean Biomedical, Inc. entered into Agreement and Plan of Merger with Aesther Healthcare Acquisition Corp., AHAC Merger Sub, Inc., Aesther Healthcare Sponsor, LLC, Ocean Biomedical, Inc., and Dr. Chirinjeev Kathuria (effective 2022-08-31).

Action
entry
Agreement
merger
Counterparty
Aesther Healthcare Acquisition Corp., AHAC Merger Sub, Inc., Aesther Healthcare Sponsor, LLC, Ocean Biomedical, Inc., and Dr. Chirinjeev Kathuria
Effective
2022-08-31
Exact text from the filing
On August 31, 2022, Aesther Healthcare Acquisition Corp., a Delaware corporation (“ Aesther ”) entered into an Agreement and Plan of Merger by and among Aesther, AHAC Merger Sub, Inc., a Delaware corporation and a wholly-owned subsidiary of Aesther (“ Merger Sub ”), Aesther Healthcare Sponsor, LLC, Aesther’s sponsor (the “ Sponsor ”), in its capacity as purchaser representative, Ocean Biomedical, Inc., a Delaware corporation (“ Ocean Biomedical ”), and Dr. Chirinjeev Kathuria, in his capacity as seller representative (as may be amended and/or restated from time to time, the “ Merger Agreement ”)
View on SEC.gov

Browse all material agreements →

Ocean Biomedical, Inc. filing history →

Source: SEC EDGAR
accession 0001493152-23-004392
Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.