James Lapp

[James Lapp @fastlapp]

@KJP @CorneliaLake I love Watch Hill no matter the weather. Great in winter too

[James Lapp @fastlapp]

@JulianKlymochko Moka on the case already I’m sure! What do you think happens if they don’t liquidate and try to do another deal? They could conceivably use the funds for deal expenses and/or transfer cash target if they close. Most precedents were liquidations afaik.

[James Lapp @fastlapp]

@SPACLiquidity @Securitize @SpaceX @elonmusk @carlosdomingo Naturally the next step after signing other blue chip stocks like $CURR

[James Lapp @fastlapp]

@DataTracker87 final IMTA is in the super 8-k filed after the ipo.

[James Lapp @fastlapp]

@SPACuity @JulianKlymochko @CallsPuts1 @Bernatova Payment was due 4/23 ("15 days of the Effective Date")...not sure this would trigger an 8-k but doubtful it was made.

[James Lapp @fastlapp]

@EricTheUmpire yea, that was a bad day...but I'm sure the sponsor did great on their private investment deal (made simultaneous to the termination)!

[James Lapp @fastlapp]

@hkuppy Not much original charm left in Puerto Rico as the urban landscape is mostly Burlington Coat Factories and Church's Chickens. Maybe west coast is different.

[James Lapp @fastlapp]

@CallsPuts1 Extension vote from December. AFAIK, they had not paid out May 2025 redemptions either so I would think they paid those out today too.

[James Lapp @fastlapp]

@marginofdanger @JulianKlymochko @vik_mittal @valwithcatalyst @SPACuity @OddDiligence @EricTheUmpire Oh right my bad...all their previous SPACs they went by initials A.G.P. as the bookrunner on the prospectus, first one they've used their full name.

[James Lapp @fastlapp]

@duedillengence @SPACuity To be fair a lot of deals with very generous PIPEs ala USAR and MRLN and NUCL have done really well.

[James Lapp @fastlapp]

@CallsPuts1 Or possibly the $TBMC $CYAB treatment

[James Lapp @fastlapp]

@JulianKlymochko The real winner in this deal is the EDGAR agent that filed all those Form 425s. That has to be a record!

[James Lapp @fastlapp]

@SPACuity @JulianKlymochko @CallsPuts1 @Bernatova Only the private placement investors were funded at the signing of the DA. Key’s in-kind contribution and the PIPE were not to be funded until closing. My question is who is the “Payor” in the termination agreement, annex A is missing.

[James Lapp @fastlapp]

@DataTracker87 @CallsPuts1 @stepnotonpets @CfaRoark My interpretation is that the sponsor intends to keep it for themselves:

[James Lapp @fastlapp]

@DataTracker87 @CallsPuts1 @stepnotonpets @CfaRoark Also Cartica (January termination) has $7M payable from target (Nidar): “These amounts will be held outside of Cartica’s trust account and will be used to meet certain liabilities due to Cartica’s creditors.”

[James Lapp @fastlapp]

@BPHhasbeentaken @SPACuity Also same CFO as RTACU, which once traded in the $14s 🙃