LMF SPAC reports 8.88M shares redeemed; prepaid forward for up to 700K shares

SeaStar Medical Holding Corp

8,878,960 shares redeemed as of Oct 26; HB Strategies reversed 700,000 Recycled Shares and 50,000 Additional Shares.
Prepaid forward with HB Strategies for up to 700,000 shares; Seller may purchase in open market or reverse redemptions.
Prepayment Amount equals Number of Shares × redemption price, paid from trust account at closing.
Vellar acquired 523,000 shares under separate prepaid forward, plus 100,000 Additional Shares.
Maturity Date up to 3 years after closing; Reset Price starts at $10, adjusted monthly, floor $5.

item 1.01 item 7.01 item 9.01

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

SeaStar Medical Holding Corp entered into Prepaid Forward Agreement with HB Strategies LLC (effective 2022-10-26).

Action: entry
Agreement: equity purchase
Counterparty: HB Strategies LLC
Effective: 2022-10-26

Exact text from the filing

On October 26, 2022, LMF, SeaStar Medical and HB Strategies LLC (“ Seller ”) entered into an agreement (the “ Prepaid Forward Agreement ”) for an equity prepaid forward transaction

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SeaStar Medical Holding Corp filing history →

Source: SEC EDGAR

accession 0001564590-22-035362

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