Churchill Capital Corp V extends business combination deadline to Dec 18, 2023; sponsor to deposit $250k/month

Churchill Capital Corp V

Charter amendment extends business combination deadline from March 18, 2023 to December 18, 2023.
Sponsor will deposit $250,000 monthly into trust account starting March 17, 2023, via non-interest bearing promissory note.
Deposits continue until earliest of deal consummation, November 17, 2023, or liquidation.
Stockholders approved the extension at special meeting on March 14, 2023.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Churchill Capital Corp V: Extended the deadline to consummate a business combination from March 18, 2023 to December 18, 2023 (effective 2023-03-15).

Change: charter amendment
Effective: 2023-03-15

Exact text from the filing

As previously announced, at the special meeting of the stockholders of Churchill Capital Corp V (the “Company”) held on March 14, 2023, stockholders of the Company approved an amendment to the Company’s amended and restated certificate of incorporation (the “Charter”) to extend the date by which the Company has to consummate a business combination from March 18, 2023 to December 18, 2023 (or such earlier date as determined by the Company’s board of directors) (the “Charter Amendment”).

View on SEC.gov

Browse all governance changes →

Source: SEC EDGAR

accession 0000950142-23-000712

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.