![](https://wordpress-1016567-4521551.cloudwaysapps.com/wp-content/uploads/2023/10/worldwide-webb-secures-11-nras-to-protect-trust-in-upcoming-extension-vote-on-aeries-deal-spac-feed.jpg)
Worldwide Webb Acquisition in an 8-K said as of yesterday it had entered into 11 non-redemption agreements covering 3,733,623 Class A shares ahead of an extension vote.
Redemption requests for 1,517,310 Class A shares are expected to remove just over $16 million from the trust, although that may change depending on reversals. As of Oct. 12, the SPAC said 3,200,744 Class A shares remain outstanding.
Through the non-redemption agreements, Worldwide Webb said it anticipates an additional 578,323 share redemptions will be reversed.
Worldwide Webb is asking shareholders to approve a deadline extension of up to six months starting Oct. 22.
The SPAC has a deal in hand with Aeries Technology, a global professional services and consulting firm. Worldwide Webb in June secured a pipe agreement for $5 million at a purchase price of $4.84 per share to support the deal.
The deal was valued at $656 million when announced in March.
Worldwide Webb raised $200 million in an October 2021 ipo, but the trust is now down to about $33 million following redemptions on an April extension vote and the latest round of cash-outs. Read more.
Source: Worldwide Webb Secures 11 NRAs to Protect Trust in Upcoming Extension Vote on Aeries Deal
- SEO Powered Content & PR Distribution. Get Amplified Today.
- PlatoData.Network Vertical Generative Ai. Empower Yourself. Access Here.
- PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
- PlatoESG. Carbon, CleanTech, Energy, Environment, Solar, Waste Management. Access Here.
- PlatoHealth. Biotech and Clinical Trials Intelligence. Access Here.
- Source: https://spacfeed.com/worldwide-webb-secures-11-nras-to-protect-trust-in-upcoming-extension-vote-on-aeries-deal
- :has
- :is
- $UP
- 1
- 11
- 12
- 200
- 2021
- 22
- 84
- a
- About
- acquisition
- Additional
- Agreement
- agreements
- ahead
- Although
- an
- and
- announced
- anticipates
- approve
- April
- ARE
- AS
- asking
- At
- BE
- but
- change
- consulting
- covering
- deadline
- deal
- Depending
- down
- entered
- Ether (ETH)
- expected
- extension
- Firm
- following
- For
- from
- Global
- had
- hand
- HTTPS
- in
- IPO
- IT
- jpg
- june
- just
- latest
- March
- May..
- million
- months
- more
- now
- Oct
- october
- of
- on
- outstanding
- over
- per
- pipe
- plato
- Plato Data Intelligence
- PlatoData
- Posts
- price
- professional
- protect
- purchase
- raised
- Read
- redemptions
- remain
- remove
- requests
- round
- Said
- SEC
- Secured
- Secures
- Services
- Share
- Shareholders
- Shares
- SIX
- Six months
- SPAC
- Starting
- support
- TAG
- Technology
- that
- The
- to
- Trust
- upcoming
- valued
- Vote
- was
- when
- will
- with
- worldwide
- Worldwide Webb
- yesterday
- zephyrnet