On July 14, 2023, PowerUp Acquisition Entered Into A Purchase Agreement With Srirama Associates And Powerup Sponsor; Under Agreement, Srirama Associates Will Purchase 4,317,500 Class A Ordinary Shares And 6,834,333 Private Placement Warrants From Sponsor
On July 14, 2023, PowerUp Acquisition Entered Into A Purchase Agreement With Srirama Associates And Powerup Sponsor; Under Agreement, Srirama Associates Will Purchase 4,317,500 Class A Ordinary Shares And 6,834,333 Private Placement Warrants From Sponsor
On July 14, 2023, PowerUp Acquisition Corp. (the "Company") entered into a purchase agreement (the "Purchase Agreement") with SRIRAMA Associates, LLC, a Delaware limited liability company (the "Acquirer") and PowerUp Sponsor LLC ( the "Sponsor"), pursuant to which the Acquirer will purchase from the Sponsor (x) 4,317,500 Class A Ordinary Shares and (y) 6,834,333 private placement warrants, free and clear of all liens and encumbrances (other than those contained in the Letter Agreement, dated February 22, 2022, by and among the Company, its officers, directors and the Sponsor, and the Underwriting Agreement, dated February 17, 2022, by and between SPAC and Citigroup Global Markets Inc., as representative of the several underwriters (the "Underwriting Agreement")), for an aggregate purchase price of $1.00 (the "Purchase Price") payable at the time of the initial business combination.
於2023年7月14日，Power Up Acquisition Corp.(“貴公司”)與特拉華州Srirama Associates，LLC、一家特拉華州有限責任公司(“收購方”)及Power Up保薦人有限責任公司(“保薦人”)訂立購買協定(“購買協定”)，根據該協定，收購方將向保薦人購買(X)4,317,500股A類普通股及(Y)6,834,333份私募認股權證，免收及清除本公司、其高級管理人員、董事及保薦人之間於2022年2月22日訂立的函件及產權負擔(日期為2022年2月22日的函件及日期為2月17日的包銷協定除外)。2022年，由SPAC和花旗全球市場公司作為幾家承銷商的代表(“承銷協定”)，在初始業務合併時支付的總收購價為1.00美元(“收購價”)。