Tribe Capital Growth Corp I (NASDAQ:ATVCU) Enters into Sixth Amendment to Business Combination Agreement

Tribe Capital Growth Corp I (NASDAQ:ATVCU) recently entered into a significant agreement, as indicated in an 8-K filing with the Securities and Exchange Commission.

On October 23, 2024, Iris Acquisition Corp, along with Iris Parent Holding Corp. and Liminatus Pharma, LLC, signed the Sixth Amendment to the Business Combination Agreement. This amendment, following previous adjustments to the original agreement, notably reduces the enterprise value attributed to Liminatus to $175,000,000.

The Sixth BCA Amendment marks another step in the ongoing business combination discussions between the involved parties. Details of the Sixth BCA Amendment can be found in the official filing, with the complete terms and conditions outlined within the document attached to the filing.

In addition to the Sixth Amendment to the BCA, there were other related agreements disclosed in the filing, including the Fifth Amendment to the Equity PIPE (Private Investment in Public Equity) Subscription Agreement. This amendment, executed on October 31, 2024, involved ParentCo, Iris, Liminatus, and the PIPE subscriber. Among the changes made, the Aggregate Purchase Price was adjusted to $15,000,000, and the number of subscribed shares was revised to 1,500,000 shares.

The informative 8-K filing further highlighted the relevant financial statements and exhibits associated with these agreements, including the Sixth Amendment to the Business Combination Agreement and the Fifth Amendment to the PIPE Subscription Agreement. These exhibits provide a more detailed view of the modifications agreed upon by the involved parties.

These recent developments suggest a proactive approach by Tribe Capital Growth Corp I in ensuring that the ongoing agreements are reflective of the current business environment and conditions. Investors and stakeholders will be keen on observing how these adjustments unfold and impact the company’s future endeavors.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Tribe Capital Growth Corp I’s 8K filing here.

About Tribe Capital Growth Corp I

Tribe Capital Growth Corp I does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in San Francisco, California.