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.
于2023年7月14日，Power Up Acquisition Corp.(“贵公司”)与特拉华州Srirama Associates，LLC、一家特拉华州有限责任公司(“收购方”)及Power Up保荐人有限责任公司(“保荐人”)订立购买协议(“购买协议”)，根据该协议，收购方将向保荐人购买(X)4,317,500股A类普通股及(Y)6,834,333份私募认股权证，免收及清除本公司、其高级管理人员、董事及保荐人之间于2022年2月22日订立的函件及产权负担(日期为2022年2月22日的函件及日期为2月17日的包销协议除外)。2022年，由SPAC和花旗全球市场公司作为几家承销商的代表(“承销协议”)，在初始业务合并时支付的总收购价为1.00美元(“收购价”)。