Envoy Medical(COCH) - 2023 Q1 - Quarterly Report

Concurrently with the execution of the Business Combination Agreement, the Company entered into (A) a Sponsor Support and Forfeiture Agreement with the Sponsor and Envoy pursuant to which, among other things, the Sponsor agreed to vote in favor of the Proposed Business Combination and, subject to and upon the Closing, forfeit all of the 12,500,000 outstanding Anzu private placement warrants and a number of shares of Class B common stock held by the Sponsor as determined pursuant to the Sponsor Support Agree ...