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Helport AI Limited (HPAI) has shared an update.
Tristar recently underwent significant corporate changes, including the assumption of warrant obligations by Pubco, with Tristar warrants now exercisable for Pubco Ordinary Shares. Additionally, amendments to the Registration Rights Agreement require Pubco to manage certain resale registration obligations. Shareholders should also note that a Key Seller Lock-Up Agreement restricts the transfer of Pubco Ordinary Shares acquired by Helport shareholders for 24 months post-closing. Furthermore, a portion of Tristar’s Founder Shares has been released from lock-up restrictions. Following the completion of a Business Combination, Tristar has delisted from the NYSE, with plans to deregister its securities, and undergone a management and board reshuffle, appointing Cong Shi as the sole director of Tristar and new directors for Pubco.
Learn more about HPAI stock on TipRanks’ Stock Analysis page.