Brief: Orisun And Ucommune Enter Into Backstop Agreements For $53 Mln Funding Including Investment From Green Better Ltd

Sunshine 100 China Holdings

24/08/2020 12:35

Aug 24 (Reuters) - Orisun Acquisition Corp  ORSN.O :
    * UCOMMUNE AND ORISUN ENTERED INTO BACKSTOP AGREEMENTS FOR
$53
MILLION FUNDING INCLUDING INVESTMENT FROM GREEN BETTER LIMITED,
A SUBSIDIARY OF XIAOMI (HKEX: 1810), AND SUNSHINE 100 CHINA
(HKEX: 2608)
    * ORISUN ACQUISITION CORP - BACKSTOP INVESTORS HAVE OPTION
TO
EITHER ACQUIRE ORISUN'S COMMON STOCK IN OPEN MARKET PURCHASES
PRIOR TO CLOSING OF DEAL
    * ORISUN - OTHER OPTION FOR BACKSTOP INVESTORS IS TO
PURCHASE
SHARES IN A PRIVATE PLACEMENT FROM COMBINED CO AT $10.10 PER
SHARE AT TIME OF DEAL CLOSING

Source text for Eikon:  ID:nPn1YcSN8a 
Further company coverage:  ORSN.O 

 ((Reuters.Briefs@thomsonreuters.com;))