Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / letter-prentice-to-ashford-closing-conditions.docx
letter-prentice-to-ashford-closing-conditions.docx
Parties
HARKNESS LLP
Thayer LLP
Pinnacle Growth Acquisition Corp
Pinnacle Merger Sub Inc
Skybridge Fintech Ltd
General Corp
The Nasdaq Stock Market LLC
Equity Inc
Dates
May 28, 2025
April 14, 2025
October 14, 2025
January 14, 2026
July 21, 2025
April 28, 2025
December 31, 2024
December 31, 2023
May 19, 2025
May 20, 2025
Amounts
$450,000,000
$87.3
$94.6
$14.1
$61.8
$6.2
$0.0001
$200,000,000
$312,600,000
$10.42
Obligations
As contemplated by the BCA, the business combination will be consummated through a forward triangular merger under the General Corporation Law of the State of Delaware (the "DGCL"), pursuant to which Merger Sub will merge with and into Skybridge, with Skybridge surviving the merger as a wholly owned subsidiary of the domesticated Pinnacle entity, which shall be renamed Skybridge Fintech Holdings, Inc
All capitalized terms used but not defined herein shall have the respective meanings ascribed to them in the BCA
3(d) of the BCA provides that, as a condition to Skybridge's obligation to consummate the merger, the Combined Company shall have no less than $200,000,000 of Available Cash at the closing
A payoff letter must be obtained from Velthorn Commerce Bank, N
Requests for certificates of good standing (or equivalent certificates of status or existence) for Skybridge must be submitted to the Delaware Secretary of State and each state in which Skybridge is qualified to do business as a foreign corporation
1(a) of the BCA provides that no order, decree, or ruling of any governmental authority shall be in effect that restrains, enjoins, or otherwise prohibits the consummation of the business combination