Company: EUDAW
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001641172-25-006627
Chunk: 32

Company: EUDA Health Holdings Ltd
Filing Date: 2025-04-29
Form: 20-F
Item: Item 4
Chunk 32
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 condition or results of operations of the Company.

Employees

We
had 117 full-time employees as of December 31, 2024, including our two named executive officers. None of our employees are covered
by collective bargaining agreements, and we have not experienced any strikes or work stoppages related to labor relations issues. We
believe we have good relations with our employees.

  19  

Share
Purchase Agreement

On
the Closing Date, the Company consummated the previously announced business combination contemplated by the Share Purchase Agreement
(the “ SPA”) between 8i Acquisition 2 Corp., a BVI business company (“8i”), EUDA Health Limited, a British Virgin
Islands business company (“ EHL”), Watermark Developments Limited, a British Virgin Islands business company (“ Watermark”
or the “ Seller”), and Kwong Yeow Liew, dated April 11, 2022 and amended May 30, 2022, June 10, 2022, and September 7, 2022.
As contemplated by the SPA, a business combination between 8i and EUDA was effected by the purchase by 8i of all of the issued and outstanding
shares of EUDA from the Seller (the “ Share Purchase”), resulting in EUDA becoming a wholly owned subsidiary of 8i. In addition,
in connection with the consummation of the Share Purchase, 8i has changed its name to “ EUDA Health Holdings Limited.” The
transactions contemplated under the SPA relating to the Share Purchase are referred to herein as the “ Business Combination.”

Pursuant
to the terms of the SPA, upon the consummation of the Business Combination (the “ Closing”), any and all outstanding units
of 8i, composed of one ordinary share of 8i, no par value (the “8i Ordinary Shares”), one warrant (the “8i Warrants”),
with every two 8i Warrants entitling the registered holder to purchase one 8i Ordinary Share, and one right to receive one-tenth (1/10)
of one 8i Ordinary Share upon the consummation of an initial business combination (the “ Rights”) (collectively, the “ Units”)
were separated into their component parts and the 8i Ordinary Shares and 8i Warrants were re-designated on a one-for-one basis, and the
Rights were converted (at the rate of one-tenth (1/10) of a share for