SPAC Deal

Chavant Capital Acquisition Corp. (CLAY) Merger with Mobix Labs (Private)

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November 23, 2022 Lock-Up Shares Lock-Up Period Early Release 50% 1-year post-closing If price equals or exceeds $12.00 per share after closing 50% 1-year post-closing If price equals or exceeds $15.00 per share after closing Cash in Trust Less: Redemptions Add: PIPE ≥ $30.0 million Add: Target Line of Credit ≤ $10.0 million Less: Reduction …

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Edify Acquisition Corp. (EAC) Merger with Unique Logistics International (OTCMKTS: UNQL)

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December 21, 2022 Lock-Up Party Lock-Up Shares Lock-Up Period Early Release Key Target Shareholders Preferred Holders   Non-Voting Holders 3a Capital Establishment and Trillium Partners L.P 94% 50% – 12 months post-closing 50% – 6 months post-closing If the price equals or exceeds $12.00 per share after 150 days post-closing Front Four Front Four Management …

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Blockchain Coinvestors Acquisition Corp. I (BCSA) Merger with Qenta (Private)

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November 12, 2022 Particulars Meaning Notes Purpose of FPA To ensure the aggregate cash proceeds condition will be met, therefore increasing the likelihood that the transaction will close BCSA entered into a Forward Purchase Agreement with with Vellar Opportunity Fund SPV LLC – Series 5 FPA Seller Vellar Opportunity Fund SPV LLC – Series 5 …

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NorthView Acquisition Corporation (NVAC) Merger with Profusa (Private)

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November 9, 2022 No. of Earnout shares Earnout Period Earnout Performance Milestone 968,750 shares Between 18 months and 24 months of closing VWAP ≥ $12.50/share If both milestones are satisfied by second anniversary of closing, then Sponsor and Target Shareholders will be issued additional shares equal to the number of shares foregone to obtain additional …

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Evo Acquisition Corporation (EVOJ) Merger with 20Cube Logistics (Private)

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October 20, 2022 Holder Pubco Ordinary shares Lock-Up Provision Mahesh Niruttan 200,000 Exempt from Lock-Up restrictions for satisfying tax obligations Anand Seetharamam 100,000 Zephyr Peacock India Fund III 600,000 Zephyr Peacock India Fund III Lock-Up Release: With respect to ^50% Pubco Ordinary shares: 3 months post-closingWith respect to ^100% Pubco Ordinary shares: 6 months post-closing …

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Blockchain Moon Acquisition Corp. (BMAQ) Merger with DLTx (OSE: DLTX)

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October 16, 2022 Sponsor Shares Total Founder shares 2,875,000 Common shares in Private Placement Units held by Sponsor 430,000 Total Common stock 3,305,000 Forfeited (shares) 240,000 + 150,000 *Forfeiture (%) 7.26% + 4.54% Sponsor Warrants Total Warrants in Private Placement Units held by Sponsor 430,000 Forfeited (warrants) 19,500 *Forfeiture (%) 4.53% Sponsor Rights Total Rights …

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