AIR Global cancels 4.997M shares in Harraden deal
Rhea-AI Filing Summary
AIR Global PLC (AIIR) reports that it has fully settled its forward purchase agreement with Harraden related to 5,000,000 Class A ordinary shares originally tied to its business combination with Cantor Equity Partners III, Inc. On September 10, 2026, Harraden sold 2,970 shares in the open market and paid $31,152.02 to AIR Global for those shares. Harraden returned the remaining 4,997,030 Recycled Shares to AIR Global, which cancelled them upon receipt, and all obligations under the forward purchase agreement are now satisfied.
Positive
- AIR Global PLC cancelled 4,997,030 shares returned by Harraden, which reduces the share count and eliminates obligations under the forward purchase agreement.
- All obligations under the forward purchase agreement with Harraden have been fully satisfied, simplifying AIR Global PLC’s capital structure.
Negative
- None.
Key Figures
Shares under Forward Purchase Agreement: 5,000,000 shares
Recycled Shares Cancelled: 4,997,030 shares
Cash Paid to AIR Global: $31,152.02
+2 more
5 metrics
Shares under Forward Purchase Agreement
5,000,000 shares
Total shares initially subject to the forward purchase agreement with Harraden
Recycled Shares Cancelled
4,997,030 shares
Shares returned by Harraden and cancelled by AIR Global on the Settlement Date
Cash Paid to AIR Global
$31,152.02
Amount Harraden paid to AIR Global for 2,970 shares sold on the open market
Shares Sold by Harraden
2,970 shares
Portion of the 5,000,000 shares sold on the open market by Harraden
Settlement Date
September 10, 2026
Date the forward purchase agreement with Harraden was fully settled
Key Terms
forward purchase agreement, business combination, Recycled Shares
3 terms
forward purchase agreement financial
"entered into a forward purchase agreement with Harraden"
A forward purchase agreement is a contract in which a buyer commits now to purchase securities or assets from a company at a set price and on a future date, much like placing a pre-order for a product to be delivered later. For investors it matters because it provides predictable funding or supply, can affect share dilution and company valuation when the purchase happens, and signals the buyer’s confidence or risk exposure to future events.
business combination financial
"upon the consummation of the business combination between the Company and CAEP"
A business combination happens when two or more companies join together to operate as one, like two friends merging their teams into a single group. This is important because it can change how companies grow, compete, and make money, often making them bigger and more powerful in the market.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did AIR Global PLC (AIIR) announce regarding its forward purchase agreement with Harraden?
AIR Global PLC announced it fully settled its forward purchase agreement with Harraden on September 10, 2026. Harraden sold 2,970 shares and paid $31,152.02 to AIR Global, returned 4,997,030 Recycled Shares, and all obligations under the agreement are now satisfied.
What cash did AIR Global PLC (AIIR) receive in connection with the settlement with Harraden?
In connection with the settlement, Harraden sold 2,970 shares on the open market and paid AIR Global PLC $31,152.02 on September 10, 2026 for those shares.
When was the forward purchase agreement between AIR Global PLC (AIIR) and Harraden originally entered into?
AIR Global PLC entered into the forward purchase agreement with Harraden on May 11, 2026, involving 5,000,000 Class A ordinary shares of Cantor Equity Partners III, Inc. that were later exchanged for AIR Global ordinary shares upon the business combination.
AI-generated analysis. How Rhea-AI works. Not financial advice.
