PEARL HOLDINGS ACQUISITION CORP Pearl Holdings Acquisition Corp entered into a subscription agreement tp issue Class A ordinary shares on February 22, 2024. The transaction included participation from new investor, Polar Multi-Strategy Master Fund, a fund managed by Polar Asset Management Partners Inc. and returning investor, Pearl Holdings Sponsor LLC. Polar Multi-Strategy Master Fund agreed to contribute up to $500,000 in cash to the Company.
The Company and the Sponsor also are in discussions to enter into agreements with additional investors, substantially in the same form as the Subscription Agreement, for additional cash contributions in an aggregate amount, together with the Capital Contribution, of up to $1,500,000.
