GP INVESTMENTS ACQUISITION CORP. (NASDAQ:GPIA) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement
On May 23, 2017, the shareholders of GP Investments Acquisition
Corp. (the Company) approved the amendment of the Companys
amended and restated memorandum and articles of association to
extend the date by which the Company must (i) consummate a
merger, share exchange, asset acquisition, share purchase,
reorganization or similar business combination with one or more
businesses or entities (a business combination), (ii) cease its
operations if it fails to complete such business combination, and
(iii) redeem all of the Companys ordinary shares included as part
of the units sold in the Companys initial public offering that
was consummated on May 26, 2015, from May 26, 2017 to November
27, 2017 (the Extension).
Amendment No. 1 to the Investment Management Trust
Agreement
On May 25, 2017, the Company and Continental Stock Transfer Trust
Company entered into Amendment No. 1 (the Investment Management
Trust Agreement Amendment) to the Investment Management Trust
Agreement dated May 19, 2015 (the Investment Management Trust
Agreement). The purpose of the Investment Management Trust
Agreement Amendment is to amend the Investment Management Trust
Agreement in order to reflect the fact that the Extension has
occurred.
The foregoing description of the Investment Management Trust
Agreement Amendment is not complete and is subject to and
qualified in its entirety by reference to the Investment
Management Trust Agreement Amendment, a copy of which is filed
with this Current Report on Form 8-K as Exhibit 10.1 and the
terms of which are incorporated by reference herein.
Amendment No. 1 to Securities Escrow
Agreement
On May 30, 2017, the Company, Continental Stock Transfer Trust
Company, GPIC, Ltd, GPIAC, LLC, Fernando dOrnellas Silva and
Christopher Brotchie entered into Amendment No. 1 (the Securities
Escrow Agreement Amendment) to the Securities Escrow Agreement
dated May 19, 2015 (the Securities Escrow Agreement). Citigroup
Global Markets, Inc. executed the Securities Escrow Agreement
Amendment solely for the purposes of consenting to the entry into
of the Securities Escrow Agreement Amendment by the parties
thereto. The purpose of the Securities Escrow Agreement Amendment
is to amend the Securities Escrow Agreement in order to reflect
the fact that the Extension has occurred.
The foregoing description of the Securities Escrow Agreement
Amendment is not complete and is subject to and qualified in its
entirety by reference to the Securities Escrow Agreement
Amendment, a copy of which is filed with this Current Report on
Form 8-K as Exhibit 10.2 and the terms of which are incorporated
by reference herein.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Description |
| 10.1 |
Amendment No. 1 to the Investment Management Trust |
| 10.2 |
Amendment No. 1 to the Securities Escrow Agreement dated May 19, 2015, dated May 30, 2017, entered into between GP Investments Acquisition Corp., GPIC, Ltd, GPIAC, LLC, Fernando dOrnellas Silva and Christopher Brotchie. |
About GP INVESTMENTS ACQUISITION CORP. (NASDAQ:GPIA)
GP Investments Acquisition Corp. is a blank check company. The Company is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The Company has no operations. The Company has not generated any revenue. GP INVESTMENTS ACQUISITION CORP. (NASDAQ:GPIA) Recent Trading Information
GP INVESTMENTS ACQUISITION CORP. (NASDAQ:GPIA) closed its last trading session 00.00 at 10.04 with 500 shares trading hands.
