![]() ![]() Capitalized terms used but not otherwise defined herein shall have the respective meanings assigned to such terms in the Forward Purchase Agreement (as defined below). THIS SECOND AMENDMENT TO FORWARD PURCHASE AGREEMENT (this “ Second Amendment”) is made and entered into as of March 30, 2021, by and among Medicus Sciences Acquisition Corp., a Cayman Islands exempted company (the “ Company”), and Altium MSAC, LLC, a Delaware limited liability company, and Structure Alpha LLC, a Delaware limited liability company (each a “ Purchaser”, and collectively, the “ Purchasers”). Second Amendment to Forward Purchase Agreement It was up 2.2% at A$35.27 on Friday despite Chief Financial Officer Martin Ive acknowledging that Altium's fiscal 2021 revenue may narrowly fall short of its US$190 million-US$195 million guidance.Ĭhief Executive Aram Mirkazemi reiterated Altium's commitment to its targets of US$500 million revenue and 100,000 subscribers by 2025.EX-10.12 4 tm2110511d1_ex10-12.htm EXHIBIT 10.12 The stock hit a six-month high of A$38.26 on June 7 after Autodesk's proposal was announced. Yet some analysts recently expressed optimism that Altium can benefit from rebounding global economic growth. Lingering worries over the impact of Covid lockdowns on industry have prevented Altium shares from recouping all the losses sustained when the pandemic roiled global markets. "We believe that Autodesk also recognizes the future value of the Altium software and platform and that their offer to acquire the company is in some part a reflection of their own conviction of the value they can extract," Mr. Weiss said Altium recognized the multiples implied by Autodesk's proposal were high by industry standards, but insisted the offer of 38.50 Australian dollars (US$29.08) per share did not reflect the underlying value of the electronics design software firm. "However, we believe it should be at the point and at a price that reflects the unique value of Altium as a company and its demonstrated and future wealth creation potential." "As a public company, we are always mindful of shareholder value and we have no preconceived opposition to an acquisition," Mr. ![]() Altium this month rejected Nasdaq-listed Autodesk's unsolicited proposal, which valued Altium's equity at about US$3.91 billion and was described by analysts as opportunistic. ![]()
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