Integral Acquisition 1 in a regulatory filing said it terminated forward purchase agreements with Carnegie Park Capital and Crescent Park Management, under which Crescent Park had agreed to purchase up to 2.5 million forward purchase shares and Carnegie up to 500,000 forward purchase shares at $10 per share, for gross proceeds up to $30 million.
The agreements were private placements that would have occured with the completion of the SPAC’s initial business combination.
Integral in October announced a $300 million deal with Flybondi Limited, an Argentina-based, low-cost airline.
Integral raised $100 million in an IPO almost two years ago with plans at that time to target a business combination with a technology-oriented company in Australia or New Zealand. Read more.
