secwatch.observer — SEC 8-K summary
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Issuer:     C5 Acquisition Corp (—)
CIK:        0001856242
Form:       8-K
Filed at:   2023-04-06T23:59:59+00:00
Accession:  0000950142-23-001030
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 5.03, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856242/000095014223001030/0000950142-23-001030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856242/000095014223001030/eh230345993_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-23-001030

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer