Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / letter-agreement-insider-letter.docx
letter-agreement-insider-letter.docx
Parties
Pellegrino Hospitality Acquisition Corp
Pellegrino Capital Group LLC
Meridian Tidewater Securities LLC
Brindoval Partners Capital LLC
No Inc
Keymark Transfer Services LLC
Harkness LLP
Garrison Whitfield LLP
Dates
January 19, 2022
September 30, 2021
January 14, 2022
October 5, 2021
August 4, 2023
February 4, 2024
January 24, 2022
Amounts
$10.00
$0.0001
$11.50
$150,000,000
$22,500,000
$25,000
$0.0067
$1.00
$5,500,000
$825,000
Obligations
For purposes of this Letter Agreement, "immediate family" shall mean a person's spouse, lineal descendants (including adopted children), father, mother, brother, or sister
No Insider or the Sponsor shall solicit or encourage any other stockholder of the Company to vote against or otherwise oppose any proposed initial Business Combination
Each Insider and the Sponsor hereby agree to waive their redemption rights with respect to any shares of Class A common stock held by them in connection with the consummation of the initial Business Combination; provided, however, that this waiver shall not apply to any shares of Class A common stock acquired by the Insiders or the Sponsor in the IPO or in the aftermarket (i
For the avoidance of doubt, this waiver shall not apply to any shares of Class A common stock acquired by any Insider or the Sponsor in or after the IPO
If the over-allotment option is not exercised, or is exercised only in part, a proportionate number of Founder Shares (up to the maximum of 487,500) shall be forfeited by the Sponsor so that the Founder Shares represent approximately 20% of the total issued and outstanding shares of common stock
Any Founder Shares forfeited pursuant to Section 6(a) above shall be cancelled by the Company for no consideration