ACAX enters forward purchase and PIPE agreements with Meteora; increases shares issued in business combination

HWH International Inc.

Entered Forward Purchase Agreement with Meteora entities for up to 9.9% of ACAX common post-closing.
Separate PIPE subscription for up to 1,800,000 shares, less recycled shares, at closing.
Proxy supplement filed to reflect additional shares from these financing; special meeting Aug 1 unchanged.
Forward Purchase includes 1% prepayment shortfall and optional early termination at seller's discretion.
Seller waived redemption rights on recycled shares; may reduce redemptions in business combination.

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

HWH International Inc. entered into Forward Purchase Agreement with Meteora Special Opportunity Fund I, LP, Meteora Capital Partners, LP, Meteora Select Trading Opportunities Master, LP, and Meteora Strategic Capital, LLC (the Seller) (effective 2023-07-30).

Action: entry
Agreement: equity purchase
Counterparty: Meteora Special Opportunity Fund I, LP, Meteora Capital Partners, LP, Meteora Select Trading Opportunities Master, LP, and Meteora Strategic Capital, LLC (the Seller)
Effective: 2023-07-30

Exact text from the filing

On July 30, 2023, ACAX entered into an agreement with (i) Meteora Special Opportunity Fund I, LP (“ MSOF ”), (ii) Meteora Capital Partners, LP (“ MCP ”), (iii) Meteora Select Trading Opportunities Master, LP (“ MSTO ”) and (iv) Meteora Strategic Capital, LLC (“ MSC ”) (with MCP, MSOF MSTO and MSC collectively referred to as the “ Seller ”) (the “ Forward Purchase Agreement ”) for OTC Equity Prepaid Forward Transactions.

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119 material agreements filed in the last 30 days. Browse all material agreements →

HWH International Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-026012

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