DealsMay 11, 2026, 05:22 PM
Cantor Equity Partners III Enters Forward Purchase Agreement for 5M Shares
AI Summary
Cantor Equity Partners III, Inc. (CAEP) and AIR Holdings Limited (Pubco) entered into a Forward Purchase Agreement with Harraden Circle Investors, LP and its affiliates. This agreement involves the Seller purchasing up to 5,000,000 Class A ordinary shares of CAEP, with a prepayment from CAEP's trust account. Additionally, CAEP, AIR, and Pubco intend to waive lock-up restrictions for up to 1.5 million Class B ordinary shares held by Cantor EP Holdings III, LLC to meet Nasdaq listing requirements.
Key Highlights
- Cantor Equity Partners III entered a Forward Purchase Agreement with Harraden Circle Investors, LP and affiliates.
- Seller agreed to purchase up to 5,000,000 Class A ordinary shares of CAEP.
- Seller will receive a prepayment from CAEP's trust account at the initial price.
- The agreement matures 6 months after the Business Combination closing, with extension options.
- Seller waived redemption rights for the shares during the term of the agreement.
- The minimum sale price for Recycled Shares under the agreement is $10.00.
- Lock-up restrictions for up to 1.5 million Class B ordinary shares will be waived.
- The waiver aims to facilitate compliance with Nasdaq listing requirements.