Swiftmerge Files 8-K: Material Agreement Entered & Terminated Same Day

TL;DR

**Swiftmerge (a SPAC) entered and immediately terminated a material agreement on Feb 14, details are missing, creating uncertainty.**

AI Summary

Swiftmerge Acquisition Corp. filed an 8-K on February 15, 2024, reporting that on February 14, 2024, it both entered into and terminated a material definitive agreement. The filing, however, does not disclose the specific nature of the agreement, the parties involved, or any associated financial terms.

Why It Matters

The simultaneous entry into and termination of a material definitive agreement by Swiftmerge Acquisition Corp. could signal a significant change in its strategic direction or a failed transaction, impacting its future business combination prospects. Investors will be looking for further details on the underlying reasons.

Risk Assessment

Risk Level: medium — The simultaneous entry and termination of a material agreement, without further context, introduces uncertainty regarding Swiftmerge Acquisition Corp.'s strategic plans and potential business combinations.

Key Players & Entities

• Swiftmerge Acquisition Corp. (company) — registrant
• February 14, 2024 (date) — date of earliest event reported

FAQ

Key Financial Figures

• $0.0001 — LC Class A ordinary shares, par value $0.0001 per share IVCP The Nasdaq Stock Mar
• $11.50 — ordinary share at an exercise price of $11.50 IVCPW The Nasdaq Stock Market LLC

Filing Documents

• d628914d8k.htm (8-K) — 30KB
• d628914dex101.htm (EX-10.1) — 25KB
• 0001193125-24-036776.txt ( ) — 232KB
• ivcp-20240214.xsd (EX-101.SCH) — 5KB
• ivcp-20240214_def.xml (EX-101.DEF) — 15KB
• ivcp-20240214_lab.xml (EX-101.LAB) — 25KB
• ivcp-20240214_pre.xml (EX-101.PRE) — 16KB
• d628914d8k_htm.xml (XML) — 8KB

From the Filing

8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): February 14, 2024 Swiftmerge Acquisition Corp. (Exact name of registrant as specified in its charter) Cayman Islands 001-41164 98-1582153 (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.) Executive Suite 4318 Forman Avenue Toluca Lake , CA 91602 (Address of principal executive offices) (Zip Code) (424) 413-0030 (Registrant's telephone number, including area code) Not Applicable (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934: Title of each class Trading Symbol(s) Name of each exchange on which registered Units, each consisting of one Class A ordinary share and one-half of one redeemable warrant IVCPU The Nasdaq Stock Market LLC Class A ordinary shares, par value $0.0001 per share IVCP The Nasdaq Stock Market LLC Redeemable Warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 IVCPW The Nasdaq Stock Market LLC Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. As previously announced, on August 11, 2023, Swiftmerge Acquisition Corp., a Cayman Islands exempted company (the " Company ") entered into a Merger Agreement (the " Merger Agreement ") with HDL Therapeutics, Inc., a Delaware corporation (" HDL "), and IVCP Merger Sub, Inc., a Delaware corporation and a direct wholly owned subsidiary of Swiftmerge (" Merger Sub "'). Item1.01. Entry into a Material Definitive Agreement. The information set forth below under Item 1.02 is incorporated herein by reference, Item1.02. Termination of a Material Definitive Agreement. On February 14, 2024, the Company, HDL and Merger Sub entered into a Mutual Termination Agreement (the " Mutual Termination Agreement ") pursuant to which they terminated the Merger Agreement by mutual agreement in accordance with Section 10.1(d) thereof, and each party, on behalf of itself and its agents, released, waived and forever discharged the other parties and their agents of and from any and all obligation or liability arising under the Merger Agreement. No termination fee or other payment is due to either party from the other as a result of the termination. The forgoing description of the Mutual Termination Agreement is qualified in its entirety by the full text of the agreement, which is filed herewith as Exhibit 10.1 to this current report and incorporated by reference herein. Item9.01. Financial Statements and Exhibits. Exhibit Number Description of Exhibit 10.1 Mutual Termination Agreement dated February 14, 2024 by and among the Company, HDL Therapeutics, Inc. and IVCP Merger Sub, Inc. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Swiftmerge Acquisition Corp. Date: February 14, 2024 By: /s/ Christopher Munyan Name: Christopher Munyan Title: Chief Financial Officer (Principal Executive Officer) 3

View Full Filing

View this 8-K filing on SEC EDGAR