HNR Acquisition in an 8-K said it amended its common stock purchase agreement with White Lion to a fixed number of commitment shares equal to 440,000 shares of common stock.
While a purchase notice is active, the SPAC may issue a rapid purchase notice to White Lion to close on the rapid purchase within two business days. In turn, White Lion agreed that, on any single business day, it shall not publicly resell an aggregate amount of commitment shares that would exceed 7% of the daily trading volume.
The SPAC’s right to sell shares to White Lion will now extend until Dec. 31, 2026. Read more.
