Helport AI Limited and Tristar Acquisition I Corp. Announce Closing on Reduced $5.5 Million PIPE Investment Concurrently with Closing of Business Combination
03 8월 2024 - 6:07AM
Helport AI Limited (together with its operating subsidiaries,
“Helport”), an AI technology company serving enterprises’ customer
contact centers with intelligent products, solutions and a digital
platform and Tristar Acquisition I Corp. (“Tristar”), a special
purpose acquisition company, today announced the consummation of a
$5.5 million private placement financing in connection with the
completion of their previously announced business
combination. Together with the proceeds previously raised in
the form of convertible notes issued to Helport note holders from
March 2024 to June 2024 (the “Convertible Notes”), Helport has
raised an aggregate of $10.39 million in gross proceeds to support
its operations.
As previously disclosed, on May 18, 2024,
Tristar and Helport entered into subscription agreements with three
investors on substantially the same terms, pursuant to which, among
other things, Helport agreed to issue and sell to the investors,
and the investors agreed to subscribe for and purchase an aggregate
of 1,388,889 shares at a purchase price of $10.80 per
share, for an aggregate purchase price of $15,000,000, in a private
placement (the “PIPE Investment”). The subscription agreements
contained customary conditions to closing, including the
consummation of the Business Combination.
As reported in the proxy statement/prospectus
included in the Registration Statement on Form F-4 (File No.
333-276940) of Helport AI Limited (“Pubco”), the PIPE Investment
was subject to the risk that it might not be consummated due to a
number of reasons, including that an investor may fail to fund any
portion of the PIPE Investment or otherwise breach its obligations
under the applicable subscription agreement, which might prevent
the PIPE Investment from being consummated in a timely manner, or
at all.
On August 2, 2024, in connection with the
consummation of the Business Combination, Pubco received aggregate
gross proceeds of $5.5 million out of the $15 million PIPE
Investment and issued an aggregate of 509,259 shares to the
PIPE Investors for such subscription. The reduced amount of gross
proceeds was due to the inability of one of the investors to remit
substantially all of its subscription. Each of Tristar and Pubco
reserve their rights with respect to such investor’s obligations,
however there are no assurances that the balance of such commitment
will be remitted in a timely manner, if at all.
As of August 2, 2024, through the PIPE
Investment and the Convertible Notes, Helport has raised aggregate
gross proceeds of $10.39 million to support its operations.
About Helport
Helport is dedicated to enhancing the customer
contact experience. Helport’s mission is to provide front-line
service staff with expert, real-time guidance and enrich every
customer interaction with its AI technology, empowering contact
center agents to deliver expert-level conversations. Helport also
offers AI enabled agents for clients with outsourcing needs.
Helport’s AI Management Suite provides supervisors with visibility
into agent activities, allowing them to focus their time on where
they are needed most. For more information, please visit Helport’s
website: https://ir.helport.ai/.
About Tristar Acquisition I
Corp.
Tristar Acquisition I Corp. was a blank check
company formed for the purpose of effecting a merger, share
exchange, asset acquisition, share purchase, reorganization or
similar business combination with one or more businesses
globally.
Forward-Looking Statements
Certain statements in this announcement are
forward-looking statements, including, but not limited to,
Helport's business plan and outlook. These forward-looking
statements involve known and unknown risks and uncertainties and
are based on Helport’s current expectations and projections about
future events that Helport believes may affect its financial
condition, results of operations, business strategy and financial
needs. Investors can identify these forward-looking statements by
words or phrases such as “approximates,” “believes,” “hopes,”
“expects,” “anticipates,” “estimates,” “projects,” “intends,”
“plans,” “will,” “would,” “should,” “could,” “may” or other similar
expressions. Helport undertakes no obligation to update or revise
publicly any forward-looking statements to reflect subsequent
occurring events or circumstances, or changes in its expectations,
except as may be required by law. Although Helport believes that
the expectations expressed in these forward-looking statements are
reasonable, it cannot assure you that such expectations will turn
out to be correct, and Helport cautions investors that actual
results may differ materially from the anticipated results and
encourages investors to review other factors that may affect its
future results in Helport’s registration statement and other
filings with the U.S. Securities and Exchange Commission.
For investor and media inquiries, please
contact:
Helport AIInvestor Relations Email: ir@helport.ai.
Helport AI (NASDAQ:HPAI)
과거 데이터 주식 차트
부터 9월(9) 2024 으로 10월(10) 2024
Helport AI (NASDAQ:HPAI)
과거 데이터 주식 차트
부터 10월(10) 2023 으로 10월(10) 2024