Battery Future SPAC enters non-redemption deals to extend combination deadline to June 2025

Battery Future Acquisition Corp.

Insider Camel Bay LLC will transfer 162,500 Founder Shares for first 9 months of extension plus 16,250/month thereafter.
Non-redemption agreements cover 650,000 Class A shares that shareholders agree not to redeem at extraordinary general meeting.
Meeting adjourned from May 17 to May 21, 2024 at 3:30 p.m. to seek additional non-redemption commitments.
Extension would move business combination deadline from June 17, 2024 to June 17, 2025 if approved.

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

Battery Future Acquisition Corp. entered into Non-Redemption Agreements with several unaffiliated third-party shareholders (effective 2024-05-17).

Action: entry
Counterparty: several unaffiliated third-party shareholders
Effective: 2024-05-17

Exact text from the filing

On May 17, 2024, the Company and Camel Bay LLC, a significant shareholder of the Company (the “Insider”) entered into non-redemption agreements (“Non-Redemption Agreements”) with several unaffiliated third-party shareholders of the Company

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Source: SEC EDGAR

accession 0001929980-24-000208

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