Summary by Moomoo AI
ESGL Holdings Limited has announced the termination of a Forward Purchase Agreement with Vellar Opportunities Fund Master, Ltd. and ACM ARRT K LLC. The agreement, originally entered into on July 27, 2023, involved the purchase of shares from Genesis Unicorn Capital Corp. stockholders. The termination notice, dated March 14, 2024, was issued following a VWAP Trigger Event where the company's VWAP fell below $1.00 for a specified period. The final settlement amount will be determined after the valuation date of March 15, 2024. This follows a mutual agreement to terminate the Forward Purchase Agreement with ARRT on December 4, 2023.