Tristar amends lock-up agreements with two Helport shareholders; early release tied to credit facilities

Tristar Acquisition I Corp.

Two Helport investors agreed to 24-month lock-up, with early release at 12 months if each provides $2M or $4M credit facility to Helport.
Standard early release triggers remain: change of control or Pubco shares ≥$12.00 for 20 of 30 trading days after 270 days.
Amended lock-up agreements modify terms previously disclosed in Nov 2023 Business Combination Agreement with Helport AI Limited.
Agreements filed as Exhibits 2.1 and 2.2; lock-up applies to shares issued in the SPAC merger to these holders.

item 1.01 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

Tristar Acquisition I Corp. amended Amended Lock-Up Agreements with two shareholders of Helport (effective 2024-04-26).

Action: amendment
Counterparty: two shareholders of Helport
Effective: 2024-04-26

Exact text from the filing

On April 26, 2024, Tristar entered into lock-up agreements (the “ Amended Lock-Up Agreements ”) with two shareholders of Helport (the “ Helport Investors ”), pursuant to which the Helport Investors agreed not to execute a Prohibited Transfer during the Lock-Up Period, provided, however, (i) each Helport Investor would be permitted to transfer the Lock-Up Securities during the Lock-Up Period to certain other shareholders of Helport, subject to certain trading volume limitations, and (ii) if each Holder made a credit facility available to Helport of at least $2,000,000 and $4,000,000, respectively, the Lock-Up Securities would be subject to early release upon the twelve-month anniversary of the Closing.

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Source: SEC EDGAR

accession 0001929980-24-000144

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