Additional Proxy Soliciting Materials (definitive) (defa14a)
September 08 2022 - 9:06AM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
Form
8-K
Current
Report
Pursuant
to Section 13 or 15(d) of the
Securities
Exchange Act of 1934
Date
of Report (Date of earliest event reported): September 7, 2022
8i
Acquisition 2 Corp.
(Exact
Name of Registrant as Specified in its Charter)
British
Virgin Islands |
|
001-40678 |
|
n/a |
(State
or other jurisdiction
of
incorporation) |
|
(Commission
File
Number) |
|
(I.R.S.
Employer
Identification
No.) |
c/o
6 Eu Tong Seng Street
#08-13
Singapore 059817
(Address
of Principal Executive Offices and Zip Code)
Registrant’s
telephone number, including area code: +65-6788 0388
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
☐ |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
☒ |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
|
|
|
|
|
Units
consisting of one Ordinary Share, no par value, one Redeemable Warrant to acquire one-half (1/2) of one Ordinary Share, and one Right
to acquire one-tenth of an Ordinary Share |
|
LAXXU |
|
NASDAQ
Stock Market LLC |
|
|
|
|
|
Ordinary
Shares included as part of the Units |
|
LAX |
|
NASDAQ
Stock Market LLC |
|
|
|
|
|
Redeemable
Warrants included as part of the Units |
|
LAXXW |
|
NASDAQ
Stock Market LLC |
|
|
|
|
|
Rights
included as part of the Units |
|
LAXXR |
|
NASDAQ
Stock Market LLC |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405)
or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging
growth company ☒
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item
1.01 Entry into a Material Definitive Agreement
Share
Purchase Agreement
As
previously announced, 8i Acquisition 2 Corp., a British Virgin Islands business company (“LAX”), entered into a Share
Purchase Agreement (the “SPA”) dated April 11, 2022, as amended on May 30, 2022, and June 10, 2022, with EUDA
Health Limited, a British Virgin Islands business company (“EUDA Health”), Watermark Developments Limited, a British
Virgin Islands business company (the “Seller”) and Kwong Yeow Liew, acting as Representative of the Indemnified Parties
(the “Indemnified Party Representative”). Pursuant to the terms of the SPA, a business combination between LAX and
EUDA Health will be effected through the purchase by LAX of all of the issued and outstanding shares of EUDA Health from the Seller (the
“Share Purchase”). On September 7, 2022, the parties amended the SPA (the “Third Amendment”) to
add a condition to closing and a post-closing covenant of EUDA Health that the release of funds from its bank account after the closing
of the business combination shall require at least two (2) signatures, one (1) of whom shall be that of the independent director selected
by 8i Holdings 2 Pte. Ltd.
The
foregoing is a summary only and does not purport to be a complete description of all terms and provisions of the Third Amendment, and
is subject to and qualified in its entirety by reference to the full text of the Third Amendment, which is filed herewith as Exhibit
2.1 to this Current Report on Form 8-K, and is incorporated into this Item 1.01 by reference.
Important
Information for Investors and Shareholders
This
document relates to a proposed transaction between LAX and EUDA Health. This document does not constitute an offer to sell or exchange,
or the solicitation of an offer to buy or exchange, any securities, nor shall there be any sale of securities in any jurisdiction in
which such offer, sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
LAX has filed a preliminary proxy statement with the SEC. A proxy statement will be sent to all LAX shareholders. LAX also will file
other documents regarding the proposed transaction with the SEC. Before making any voting decision, investors and security holders of
LAX are urged to read the proxy statement and all other relevant documents filed or that will be filed with the SEC in connection with
the proposed transaction as they become available because they will contain important information about the proposed transaction.
Investors
and security holders will be able to obtain free copies of the proxy statement and all other relevant documents filed or that will be
filed with the SEC by LAX through the website maintained by the SEC at www.sec.gov.
Forward
Looking Statements
Certain
statements included in this Current Report on Form 8-K are not historical facts but are forward-looking statements. Forward-looking statements
generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,”
“anticipate,” “intend,” “expect,” “should,” “would,” “plan,”
“future,” “outlook,” and similar expressions that predict or indicate future events or trends or that are not
statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking
statements include, but are not limited to, statements regarding estimates and forecasts of other performance metrics and projections
of market opportunity. These statements are based on various assumptions, whether or not identified in this Current Report on Form 8-K
and on the current expectations of LAX’s and EUDA Health’s respective management and are not predictions of actual performance.
These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied
on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances
are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control
of LAX and EUDA Health. Some important factors that could cause actual results to differ materially from those in any forward-looking
statements could include changes in domestic and foreign business, market, financial, political and legal conditions.
These
forward-looking statements are subject to a number of risks and uncertainties. These risks and uncertainties include, but are not limited
to, those factors described in the section entitled “Risk Factors” in the prospectus filed by LAX in connection with its
initial public offering on November 22, 2021. Important factors, among others, that may affect actual results or outcomes include: the
inability of the parties to successfully or timely consummate the Share Purchase, including the risk that any required regulatory approvals
are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect EUDA Health or the expected benefits
of the Share Purchase, if not obtained; the failure to realize the anticipated benefits of the business combination; matters discovered
by the parties as they complete their respective due diligence investigation of the other parties; the ability of LAX prior to the Share
Purchase, and EUDA Health following the Share Purchase, to maintain the listing of LAX’s shares on Nasdaq; costs related to the
business combination; the failure to satisfy the conditions to the consummation of the Share Purchase, including the approval of the
SPA by the shareholders of LAX, the satisfaction of the minimum cash requirements of the SPA following any redemptions by LAX’s
shareholders; the risk that the Share Purchase may not be completed by the stated deadline and the potential failure to obtain an extension
of the stated deadline; and the outcome of any legal proceedings that may be instituted against LAX or EUDA Health related to the business
combination. Important factors that could cause the combined company’s actual results or outcomes to differ materially from those
discussed in the forward-looking statements include: EUDA Health’s limited operating history and history of net losses; EUDA Health’s
ability to manage growth; EUDA Health’s ability to execute its business plan; EUDA Health’s estimates of the size of the
markets for its products; the rate and degree of market acceptance of EUDA Health’s products; EUDA Health’s ability to identify
and integrate acquisitions; potential litigation involving the Company or EUDA Health or the validity or enforceability of EUDA Health’s
intellectual property; and general economic and market conditions impacting demand for EUDA Health’s products and services.
If
any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by
these forward-looking statements. There may be additional risks that neither LAX nor EUDA Health presently know, or that LAX and EUDA
Health currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements.
In addition, forward-looking statements reflect LAX and EUDA Health’s current expectations, plans and forecasts of future events
and views as of the date hereof. Nothing in this Current Report on Form 8-K and the attachments hereto should be regarded as a representation
by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking
statements will be achieved. You should not place undue reliance on forward-looking statements in this Current Report on Form 8-K and
the attachments hereto, which speak only as of the date they are made and are qualified in their entirety by reference to the cautionary
statements herein and the risk factors of LAX and EUDA Health described above. LAX and EUDA Health anticipate that subsequent events
and developments will cause their assessments to change. However, while LAX and EUDA Health may elect to update these forward-looking
statements at some point in the future, they each specifically disclaim any obligation to do so, except as required by law. These forward-looking
statements should not be relied upon as representing LAX or EUDA Health’s assessments as of any date subsequent to the date of
this Current Report. Accordingly, undue reliance should not be placed upon the forward-looking statements.
Participants
in the Solicitation
LAX
and its directors and executive officers and other persons may be deemed to be participants in the solicitation of proxies from LAX’s
shareholders with respect to the proposed transaction. Information regarding LAX’s directors and executive officers is available
in its prospectus filed in connection with its initial public offering on November 22, 2021. Additional information regarding the participants
in the proxy solicitation relating to the proposed transaction and a description of their direct and indirect interests will be contained
in the proxy statement when it becomes available.
EUDA
Health and its directors and executive officers may also be deemed to be participants in the solicitation of proxies from the shareholders
of LAX in connection with the proposed transaction. A list of the names of such directors and executive officers and information regarding
their interests in the proposed transaction will be included in the proxy statement for the proposed transaction when available. You
may obtain free copies of these documents as described in the second paragraph under the above section entitled “Important Information
for Investors and Shareholders.”
This
communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote
or approval, nor shall there be any sale of any securities in any state or jurisdiction in which such offer, solicitation, or sale would
be unlawful prior to registration or qualification under the securities laws of such other jurisdiction. No offering of securities shall
be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act, or an exemption therefrom.
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits:
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
Dated:
September 8, 2022
|
|
|
|
8i
Acquisition 2 Corp. |
|
|
|
By: |
/s/
Meng Dong (James) Tan |
|
Name: |
Meng
Dong (James) Tan |
|
Title: |
Chief
Executive Officer |
|
8i Acquisition 2 (NASDAQ:LAXXU)
Historical Stock Chart
From Sep 2024 to Oct 2024
8i Acquisition 2 (NASDAQ:LAXXU)
Historical Stock Chart
From Oct 2023 to Oct 2024