---
schema_version: "secwatch.filing_event.v1"
accession: "0000950142-23-001030"
form_type: "8-K"
ticker: null
cik: "0001856242"
company_name: "C5 Acquisition Corp"
filed_at: "2023-04-06T23:59:59+00:00"
generated_at: "2026-06-17T05:24:04.771094+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# C5 Acquisition extends deadline to Dec 31, 2023; ~$202.7M redeemed, trust drops to ~$96.9M

## Summary
- Shareholders approved charter amendment extending business combination deadline from April 11, 2023 to Dec 31, 2023.
- Holders of 19,455,692 shares redeemed at ~$10.42/share, aggregate ~$202.7M removed from trust.
- After redemptions, ~9.3M shares remain outstanding and ~$96.9M in trust.
- Sponsor will make monthly deposits of $320k to trust starting April 11, 2023, via non-interest promissory note.
- Votes: 27,069,195 for, 589,801 against, 54,892 abstain.

## SEC filing metadata
- accession: 0000950142-23-001030
- form_type: 8-K
- cik: 0001856242
- company_name: C5 Acquisition Corp
- filed_at: 2023-04-06T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 5.03, 5.07, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1856242/000095014223001030/0000950142-23-001030-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1856242/000095014223001030/eh230345993_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950142-23-001030
- JSON: https://secwatch.observer/filing/0000950142-23-001030.json
- Plain text: https://secwatch.observer/filing/0000950142-23-001030.txt

## Key facts
- Governance Changes
  C5 Acquisition Corp: Extended the deadline to consummate a business combination from April 11, 2023 to December 31, 2023 (effective 2023-04-06).
  - Change: charter amendment
  - Effective: 2023-04-06
  source text: The Company filed the Charter Amendment with the Secretary of State of the State of Delaware on April 6, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1856242/000095014223001030/0000950142-23-001030-index.htm
- Shareholder Votes
  C5 Acquisition Corp shareholders approved Adopt the Charter Amendment at the 2023-04-06 meeting.
  - Proposal: charter amendment
  - Outcome: passed
  - Meeting: 2023-04-06
  source text: The stockholders of the Company (the “Stockholders”) voted on the proposal to adopt the Charter Amendment, which is described in more detail in the definitive proxy statement of the Company filed with the Securities and Exchange Commission (the “SEC”) on March 16, 2023 (the “Proxy Statement”). The final voting results for the Charter Amendment were as follows: For Against Abstain 27,069,195 589,801 54,892
  evidence_url: https://www.sec.gov/Archives/edgar/data/1856242/000095014223001030/0000950142-23-001030-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.