Capitalworks Emerging Markets Acquisition Corp. Terminates and Enters New Agreement

TL;DR

Capitalworks terminated one deal and signed another on 3/22. Details TBD.

AI Summary

Capitalworks Emerging Markets Acquisition Corp. announced the termination of a material definitive agreement on March 22, 2024. The company also entered into a new material definitive agreement on the same date. Specific details regarding the nature of these agreements and any associated financial implications were not disclosed in this filing.

Why It Matters

This filing indicates a significant shift in the company's strategic partnerships or business dealings, which could impact its future operations and financial performance.

Risk Assessment

Risk Level: medium — The termination of one agreement and entry into another suggests potential uncertainty or changes in the company's strategic direction.

Key Players & Entities

• Capitalworks Emerging Markets Acquisition Corp. (company) — Filer of the 8-K report
• 20240322 (date) — Date of entry into and termination of material definitive agreements

FAQ

Key Financial Figures

• $0.0001 — f one Class A ordinary share, par value $0.0001 per share, and one-half of one redeemab
• $11.50 — ordinary share at an exercise price of $11.50 per share CMCAW The Nasdaq Stock Ma

Filing Documents

• tm249617d1_8k.htm (8-K) — 37KB
• tm249617d1_ex10-1.htm (EX-10.1) — 45KB
• 0001104659-24-038038.txt ( ) — 323KB
• cmca-20240322.xsd (EX-101.SCH) — 4KB
• cmca-20240322_def.xml (EX-101.DEF) — 27KB
• cmca-20240322_lab.xml (EX-101.LAB) — 37KB
• cmca-20240322_pre.xml (EX-101.PRE) — 26KB
• tm249617d1_8k_htm.xml (XML) — 7KB

01 Entry into a Material

Item 1.01 Entry into a Material Definitive Agreement. The information set forth in Item 1.02 below is hereby incorporated by reference into this Item 1.01.

02 Termination

Item 1.02 Termination of a Material Definitive Agreement. As previously disclosed by Capitalworks Emerging Markets Acquisition Corp, a Cayman Islands exempted company (" CEMAC "), in a Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission (the " SEC ") on March 7, 2023, CEMAC entered into a business combination agreement on March 1, 2023 (as amended, the " Business Combination Agreement ") with Lexasure Financial Group Limited, a Cayman Islands exempted company limited by shares (" Lexasure "), Lexasure Financial Holdings Corp., a Cayman Islands exempted company limited by shares (" Pubco "), CEMAC Merger Sub Inc., a Cayman Islands exempted company limited by shares and a wholly-owned subsidiary of Pubco (" SPAC Merger Sub "), Lexasure Merger Sub Inc., a Cayman Islands exempted company limited by shares and a wholly-owned subsidiary of Pubco (" Company Merger Sub "), CEMAC Sponsor LP, a Cayman Islands exempted limited partnership, in the capacity as the SPAC Representative thereunder (the " SPAC Representative "), and Ian Lim Teck Soon, an individual, in the capacity as the Seller Represenattive thereunder (the " Seller Representative " and, collectively with CEMAC, Lexasure, Pubco, SPAC Merger Sub, Company Merger Sub, and SPAC Representative, the " Parties "), for a proposed business combination between CEMAC and Lexasure. Unless otherwise defined herein, capitalized terms used herein shall have the meanings ascribed thereto in the Business Combination Agreement. On March 22, 2024, pursuant to Section 8.1(a) of the Business Combination Agreement, the Parties entered into a Termination and Release Agreement (the " Termination Agreement ") pursuant to which they agreed to terminate the Business Combination Agreement and the transactions contemplated thereby. The Termination Agreement also terminates and makes void the Ancillary Documents, including without limitation each Voting Agreement, each Lock-Up Agreement, each Non-Competition Ag

01 Financial Statements

Item 9.01 Financial Statements and Exhibits. (d) Exhibits The following exhibits are being filed herewith: Exhibit No. Description 10.1 Termination Agreement, dated as of March 22, 2024, by and among Capitalworks Emerging Markets Acquisition Corp, Lexasure Financial Group Limited, Lexasure Financial Holdings Corp., CEMAC Merger Sub Inc., Lexasure Merger Sub Inc., CEMAC Sponsor LP in the capacity as the SPAC Representative thereunder, and Ian Lim Teck Soon in the capacity as the Seller Representative thereunder. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 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. Capitalworks Emerging Markets Acquisition Corp Date: March 22, 2024 By: /s/ Roberta Brzezinski Name: Roberta Brzezinski Title: Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR