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The latest announcement is out from Holdco Nuvo Group (NUVO).
On April 30, 2024, LAMF undertook significant financial restructuring through a business combination, leading to the assignment of all LAMF warrants to Holdco and their conversion into Holdco Ordinary Shares. Several of LAMF’s existing agreements, including its investment management and administrative services agreements, were terminated, replaced by new agreements like the Holdco Registration Rights Agreement. A Working Capital Note allowed borrowing from the sponsor, which was converted into units of the post-combination entity at the time of merger. Moreover, LAMF’s securities were delisted from Nasdaq following the business combination, and all LAMF officers and directors resigned, with the changes not stemming from any internal disagreements.
See more data about NUVO stock on TipRanks’ Stock Analysis page.
