BTWN.US Redemption rights

BRIDGETOWN HOLDINGS LIMITED (BTWN.US) announced that the holders can elect to exercise the redemption rights. Any shareholder holding Bridgetown Shares as of the record date may demand that Bridgetown redeem such shares for a per share price, payable in cash, equal to the pro rata portion of the amount on deposit in the Trust Accounts (which was $10.34 per share as of September 1, 2023, the record date), calculated as of two business days prior to the anticipated consummation of the Business Combination, including interest earned on the funds held in the Trust Account and not previously released to Bridgetown. A holder of Bridgetown Shares, together with any affiliate of such holder and any person with whom such holder is acting in concert or as a ""group"" (as defined under Section 13(d)(3) of the Exchange Act), may not seek to have more than 15% of the aggregate Bridgetown Shares redeemed without the consent of Bridgetown.

The terms of the offer are as follows:

Option (1): Take no action [Default option]

Option (2): Tender shares for redemption rights: redeem shares for a per share price, payable in cash, equal to the pro rata portion of the amount on deposit in the Trust Accounts (which was $10.34 per share as of September 1, 2023, the record date), holders submitting an election for this option are certifying that they are not acting in concert or as a group (as defined in Section 13d-3 of the Exchange Act) with any other stockholder with respect to shares of Common Stock.

Option (3): Tender shares for redemption rights: redeem shares for a per share price, payable in cash, equal to the pro rata portion of the amount on deposit in the Trust Accounts (which was $10.34 per share as of September 1, 2023, the record date), holders submitting an election for this option are certifying that they are acting in concert or as a group (as defined in Section 13d-3 of the Exchange Act) with any other stockholder with respect to shares of Common Stock.

Elections (option (2) or option (3)) submitted on the action below will be subject to a 200 USD processing fee.

Guaranteed Delivery: No

The deadline to the offer will be 2023/10/04@ 16:00 (HONG KONG TIME GMT+8).

In the absence of an election, no action will be taken.

Please fill in the following information and use the registered email address of Futu to send an email to cs@futuhk.com.

1. Account Number–

2. Name-(In Chinese or English)

3. Stock code–BTWN.US

4. Options-(1) or (2) or (3)

5. Number of shares participating in corporate actions -

As per the Proxy Statement, beneficial holder information must be disclosed. By submitting an election, holders are granting FUTU HK permission to provide the transfer agent with their legal name, phone number and address in order to satisfy the redemption requirements.

Note to applicants:

1. For shareholders holding less than 1 share of BTWN.US, they cannot participate in related corporate actions.

2. Option (1) is the default option. We will help clients to choose option (1) if have not received clients’ emails.

3. Once the relevant application is submitted, the stocks participating in the company's actions cannot be traded and the application cannot be withdrawn.

4. This corporate action does not accept additional applications, the maximum number of applications that a client can apply for does not exceed the number of eligible shares it holds.

5. The pending orders and unsettled shares will not be accepted for the time being.

6. Please confirm that the account funds are sufficient to pay the relevant fees of this corporate action. Otherwise, we will not bear any responsibility for the failure of your application.

7. If there is any update, all the information released by the listed company shall prevail.

Helpful？

Yes No