Anzu Special Acquisition Corp I Announces Forward Purchase Agreements of Up to $120 Million and Further $120 Million Right of First Offer on Potential Private Placement

Dec 07, 2021

Anzu Special Acquisition Corp I (the “Company” or “ANZU”), today announced the signing of forward purchase agreements with certain institutional investors, anchored by Arena Capital Advisors, LLC and Fir Tree Partners, for up to $120 million in investment in conjunction with a potential business combination, including up to $80 million of convertible notes and up to $40 million of the Company’s Class A common stock. Purchasers of the Company’s Class A common stock also would receive from the Company’s sponsor a fraction of a warrant at no consideration, with each whole warrant exercisable to purchase one share of the Company’s Class A common stock.

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