Tribe Capital Growth Corp I Extends Business Combination Agreement and PIPE Equity Subscription Agreement

Tribe Capital Growth Corp I (NASDAQ:ATVCU) made significant updates to its business combination agreement and equity subscription agreement in recent filings with the Securities and Exchange Commission (SEC). The company, formerly known as Iris Acquisition Corp, entered into a seventh amendment to the Business Combination Agreement (BCA) on December 26, 2024, effectively extending the date for terminating the agreement to June 30, 2025. This extension provides more time for the completion of the business combination.

The Seventh BCA Amendment, which builds upon previous modifications to the BCA dating back to November 30, 2022, is aimed at enhancing flexibility and ensuring that the business combination proceeds smoothly. It allows Tribe Capital Growth Corp I and related entities to continue their negotiations without the abrupt termination of the agreement.

Additionally, Tribe Capital Growth Corp I, along with ParentCo, Liminatus Pharma, and a PIPE subscriber, agreed to a sixth amendment to the Equity PIPE Subscription Agreement on the same day. This amendment extends the deadline for terminating the subscription agreement to June 30, 2025. By extending these critical agreements, the parties involved aim to facilitate the completion of their business objectives.

Moreover, Tribe Capital Growth Corp I filed an extension amendment on December 26, 2024, with the Secretary of State of Delaware, modifying the date by which the company must finalize a business combination to March 31, 2025. This extension, subject to a potential additional three-month extension at the discretion of the Company’s Board of Directors, was approved by the company’s stockholders at a Special Meeting on December 20, 2024.

At the Special Meeting, the company’s stockholders also approved the adjournment of the meeting if necessary, although the need for adjournment was eventually deemed unnecessary. Furthermore, a significant portion of the company’s public shareholders exercised their right to redeem their shares for cash at a determined price per share.

These amendments and approvals showcase the ongoing efforts by Tribe Capital Growth Corp I to navigate smoothly through its business combination process while maintaining transparency and adherence to regulatory requirements.

For further details and the full text of the agreements and amendments mentioned, interested parties can refer to the SEC filings submitted by Tribe Capital Growth Corp I.

This article does not purport to provide exhaustive details and readers are encouraged to refer to the original filings for complete information.

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.