Deep Medicine Acquisition Corp. And Bright Vision Sponsor LLC Have Made Non-redemption Agreements With Six Unaffiliated Third Parties, As Per Reports Filed On July 12, 2023 And July 14, 2023.
Portfolio Pulse from Charles Gross
Deep Medicine Acquisition Corp. and Bright Vision Sponsor LLC have entered into non-redemption agreements with six unaffiliated third parties. The agreements pertain to a maximum of 514,773 shares of Class A common stock sold during the company's IPO, with the sponsor agreeing to transfer up to 185,179 shares upon completion of the company's initial business combination.
July 18, 2023 | 9:19 pm
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NEUTRAL IMPACT
The non-redemption agreements made by Deep Medicine Acquisition Corp. and Bright Vision Sponsor LLC could potentially impact the value of DMAQ's Class A common stock.
The non-redemption agreements pertain to a significant number of shares of DMAQ's Class A common stock. This could potentially impact the stock's value, depending on the terms of the agreements and the market's reaction to them. However, without more specific information about the agreements, it's difficult to predict the direction of the impact.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100