Battery Future Acquisition and its sponsor entered into non-redemption agreements (the “Non-Redemption Agreements”) with unaffiliated third parties who’ve agreed not to redeem 750,000 Class A shares.
In return, the investors would receive 150,000 Class B shares if and when the SPAC closes a deal.
Battery Future is seeking a deadline extension to to June 17, 2024.
The SPAC raised $00 million in a December 2021 IPO. Read more.
