Future Health ESG Corp. (FHLT) has provided an announcement.
A company has settled its previously issued $1,000,000 promissory note with its sponsor by agreeing to terminate the note with no outstanding amount as of March 25, 2024. Following this, on March 26, the company appointed a new board and management team with a diverse range of expertise in finance, operations, business development, and academia. In addition, the company modified its fee agreement with BTIG, LLC, replacing an advisory fee with 50,000 shares of the post-business combination public entity, contingent upon the closing of the initial business combination, with the sponsor also forfeiting shares.
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