To: majaman1978 who wrote (1068 ) 6/27/2007 11:50:57 AM From: Glenn Petersen Respond to Unless HAPN (HAPC, Inc.) extends it again, and the company has not yet set a date for the shareholder meeting, the HAPN acquisition agreement terminates on June 29, 2007. If HAPN walks away from the transaction, they have until October 18, 2007 to enter into another agreement, which they would then have to close by April 18, 2008.In the event that the acquisition of InfuSystem is not undertaken, HAPC must complete an alternative business combination with a fair market value of at least 80% of its net assets (excluding the deferred underwriting discount and commission held in the trust account in the amount of approximately $5,468,000) at the time of the business combination within 18 months after the consummation of its initial public offering, which occurred on April 18, 2006 (or within 24 months after the consummation of its initial public offering if a definitive agreement relating to a business combination has been executed within 18 months after the consummation of its initial public offering). HAPC will attempt to use the additional time available to it under its Amended and Restated Certificate of Incorporation to sign another letter of intent or definitive agreement by October 18, 2007 and consummate an alternative business combination by April 18, 2008. sec.gov Courtside must liquidate if it does not consummate the acquisition by July 7, 2007. In any liquidation of Courtside, the funds deposited in the trust account, plus any interest earned thereon, will be distributed pro rata to the holders of Courtside’s Public Shares. Holders of Courtside common stock issued prior to the IPO, including all of Courtside’s officers and directors, have waived any right to any liquidation distribution with respect to those shares.sec.gov
