Summary by Futu AI
HNR Acquisition Corp, a Delaware-based company, has entered into a second amendment to its Common Stock Purchase Agreement with White Lion Capital, LLC. This amendment, dated June 17, 2024, modifies the terms of a Rapid Purchase, allowing for immediate closure on the trading day the notice is given. It removes the cap on the number of shares for Rapid Purchase, sets a 100,000 share limit per request, and adjusts the purchase price to the lowest traded price within an hour post-acceptance. Additionally, White Lion is restricted from reselling more than 7% of the Common Stock's daily trading volume on any given business day. The shares will be issued under an exemption from registration, as stated in Section 4(a)(2) of the Securities Act and/or Rule 506(b) of Regulation D. The full text of the amendment is filed with the SEC and incorporated by reference into this report.