ESGL Holdings Ltd has officially terminated its Forward Purchase Agreement with Vellar Opportunities Fund Master, Ltd., as reported in a Form 6-K filed with the SEC for March 2024. The termination follows a notice received by the company on March 14, 2024, which was initially disclosed in a previous Form 6-K filing on March 21, 2024. The termination was triggered by a VWAP Trigger Event, leading to a Valuation Date of March 15, 2024. Subsequently, on March 22, 2024, ESGL Holdings and Vellar agreed that the Valuation Period concluded on March 21, 2024, with the final number of shares being 52,641. This calculation was based on a negative value derived from the VWAP and the Settlement Amount Adjustment, resulting in no liability for payment by either party. The termination of the Forward Purchase Agreement effectively ends all obligations between ESGL Holdings and Vellar under this agreement.

ESGL Holdings Ltd has officially terminated its Forward Purchase Agreement with Vellar Opportunities Fund Master, Ltd., as reported in a Form 6-K filed with the SEC for March 2024. The termination follows a notice received by the company on March 14, 2024, which was initially disclosed in a previous Form 6-K filing on March 21, 2024. The termination was triggered by a VWAP Trigger Event, leading to a Valuation Date of March 15, 2024. Subsequently, on March 22, 2024, ESGL Holdings and Vellar agreed that the Valuation Period concluded on March 21, 2024, with the final number of shares being 52,641. This calculation was based on a negative value derived from the VWAP and the Settlement Amount Adjustment, resulting in no liability for payment by either party. The termination of the Forward Purchase Agreement effectively ends all obligations between ESGL Holdings and Vellar under this agreement.