LEGAL PROCEEDINGS
−Removed: On January 4, 2024, the Company and Bengochea
−Removed: Capital LLC (“BC” and, together with the Company, “IHAC”), an entity affiliated with the Company’s Chief
−Removed: Executive Officer and the Company’s sponsor, Bengochea SPAC Sponsors I LLC (together with BC, the “Sponsor-Affiliated Entities”),
−Removed: initiated a lawsuit (the “lawsuit”) against Omnia Global a/k/a Omnia Schweiz GmbH, Daniel Hansen, Mette Abel Hansen, and
−Removed: James Mair Findlay (collectively, “Omnia”) by filing a complaint in the U.S.
−Removed: District Court for the Southern District of
−Removed: New York, Case No.
+Added: On January 4, 2024, the
+Added: Company initiated a lawsuit against Omnia Global a/k/a Omnia Schweiz GmbH, Daniel Hansen, Mette Abel Hansen, and James Mair Findlay (collectively,
+Added: “Omnia”) by filing a complaint in the U.S.
+Added: District Court for the Southern District of New York, Case No.
1:24-cv-00048
−Removed: IHAC and Omnia have agreed to an amicable resolution
−Removed: of the lawsuit on mutually acceptable terms and without admission of fault by any party.
−Removed: IHAC and Omnia entered into a confidential Settlement
−Removed: Agreement with respect to the lawsuit in which they, among other things, mutually released claims against each other.
−Removed: As a result of
−Removed: the settlement, on March 11, 2024, IHAC filed a Notice of Voluntary Dismissal with respect to the lawsuit.
−Removed: The Company (which was not party to the original
−Removed: agreement with Omnia), the Company’s sponsor, and BC are in the process of determining how the settlement proceeds are to be allocated.
+Added: alleging that Omnia had breached the Pre-Purchase Agreement by and between the Company and Omnia, dated as of May 12, 2023.
+Added: and Omnia have agreed to an amicable resolution of the lawsuit on mutually acceptable terms and without admission of fault by any party.
+Added: On March 11, 2024, the Company settled an outstanding lawsuit against Omnia and the sponsor received the net lawsuit settlement amount
+Added: of $206,500 on behalf of the Company ($295,000 gross settlement less $88,500 legal fees incurred).
+Added: As of September 30, 2024, all
+Added: payments due pursuant to the settlement have been made
Other than the above-mentioned
5 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.