secwatch / observer
8-K filed April 13, 2023, 7:59 PM ET CIK 0001841144
other material confidence high sentiment neutral materiality 0.65

Hawks Acquisition Corp: debt financing — Hawks Acquisition extends business combination deadline to Dec 13, 2023; sponsor funds trust account

Hawks Acquisition Corp

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Hawks Acquisition Corp incurred debt of $0.03 for each outstanding share of Class A Common Stock (which shall not include shares of the Company's Class A common with Hawks Sponsor LLC at short-term applicable federal rate maturing the earlier of (1) the date the Company consummates a business combination and (2) the date that the winding up of the Company is effective.

Principal
$0.03 for each outstanding share of Class A Common Stock (which shall not include shares of the Company's Class A common
Counterparty
Hawks Sponsor LLC
Rate
short-term applicable federal rate
Maturity
the earlier of (1) the date the Company consummates a business combination and (2) the date that the winding up of the Company is effective
Event
incurrence
Exact text from the filing
Hawks Sponsor LLC (the “Sponsor”) agreed to make monthly deposits directly to the trust account (the “Trust Account”) of Hawks Acquisition Corp (the “Company”) in the amount of $0.03 for each outstanding share of Class A Common Stock (which shall not include shares of the Company’s Class A common stock, par value $0.0001 per share (the “Class A Common Stock”)
View on SEC.gov
Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Hawks Acquisition Corp: Extended the date by which the Company must consummate a business combination from April 13, 2023 to December 13, 2023 (effective 2023-04-12).

Change
charter amendment
Effective
2023-04-12
Exact text from the filing
stockholders of the Company (the “Stockholders”) approved (i) an amendment to the Certificate of Incorporation to extend the date by which the Company has to consummate a business combination from April 13, 2023 to December 13, 2023 (or such earlier date as determined by the Board) (the “First Charter Amendment”)
View on SEC.gov
Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Hawks Acquisition Corp: Provided for the right of Class B common stock holders to convert shares into Class A common stock on a one-for-one basis and that the provision granting Class B holders exclusive right to elect directors shall no longer apply when no Class B shares are outstanding (effective 2023-04-12).

Change
charter amendment
Effective
2023-04-12
Exact text from the filing
stockholders of the Company (the “Stockholders”) approved (i) an amendment to the Certificate of Incorporation to extend the date by which the Company has to consummate a business combination from April 13, 2023 to December 13, 2023 (or such earlier date as determined by the Board) (the “First Charter Amendment”) and (ii) an amendment to the Certificate of Incorporation to provide for the right of a holder of Class B Common Stock to convert their shares of Class B Common Stock into shares of Class A Common Stock on a one-to-one basis at the election of the holder and to provide that the provision in the Certificate of Incorporation granting holders of shares of Class B Common Stock the exclusive right to elect and remove any director shall no longer apply when there are no shares of Class B Common Stock outstanding (the “Second Charter Amendment”).
View on SEC.gov

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Source: SEC EDGAR
accession 0000950142-23-001063
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