---
title: "Ribbon Acquisition enters subscription deal for up to 4,100,000 shares at redemption price"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/297895294.md"
description: "Ribbon Acquisition Corp. entered a subscription agreement with Meteora to purchase up to 4,100,000 shares in the post-merger entity at the SPAC redemption price. The deal includes a 9.9% beneficial ownership cap and involves an OTC equity prepaid forward transaction utilizing recycled and newly issued shares. Proceeds are funded from the SPAC trust account following the business combination closing."
datetime: "2026-09-03T10:03:16.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/297895294.md)
  - [en](https://longbridge.com/en/news/297895294.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/297895294.md)
generator: "portal-rs"
---

# Ribbon Acquisition enters subscription deal for up to 4,100,000 shares at redemption price

-   Ribbon Acquisition Corp. signed a subscription agreement with Meteora to buy up to 4,100,000 shares in the post-merger company. \* Shares would be sold at the SPAC redemption price, subject to a 9.9% beneficial ownership cap unless waived by Meteora. \* Purchases are tied to an OTC equity prepaid forward transaction that can include open-market “recycled” shares alongside newly issued shares. \* Proceeds to Meteora under the structure are funded from the SPAC trust account following the business combination closing. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ribbon Acquisition Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-096875), on September 03, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**