8-K
filed June 27, 2023, 7:59 PM ET
CIK 0001847891
other material
confidence high
sentiment negative
materiality 0.80
Acropolis SPAC extends deadline to July 2024; 26.5M shares redeemed, trust drops to ~$82M
Acropolis Infrastructure Acquisition Corp.
- Stockholders approved amending charter to extend business combination deadline from July 2023 to July 2024.
- 26,499,201 public shares redeemed, leaving 8,000,799 shares outstanding.
- Trust account falls from ~$355.4M to ~$82.3M after redemptions.
- Vote: 33.6M for, 3.2M against extension; early liquidation and redemption limitation amendments also approved.
- Quorum of 85.4% of shares present; adjournment proposal not needed.
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
Acropolis Infrastructure Acquisition Corp.: Amended certificate of incorporation to extend business combination deadline to July 13, 2024, permit early liquidation at board discretion, and eliminate net tangible assets redemption limitation (effective 2023-06-23).
- Change
- charter amendment
- Effective
- 2023-06-23
Exact text from the filing
At the Special Meeting, the stockholders approved amendments (the “ Charter Amendments ”) to the Company’s amended and restated certificate of incorporation to (i) extend the date by which the Company must consummate its initial business combination from July 13, 2023 (or October 13, 2023, if the Company has executed a letter of intent, agreement in principle or definitive agreement for an initial business combination by July 13, 2023) to July 13, 2024 (such date, the “ Extended Date ”), (ii) permit the Company’s board of directors, in its sole and absolute discretion, to cease all operations of the Company except for the purpose of winding up and redeem all public shares prior to the Extended Date, and (iii) eliminate the limitation that the Company shall not redeem or repurchase its shares of Class A common stock (“ public shares ”) to the extent that such redemption would cause the Company’s net tangible assets to be less than $5,000,001
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Acropolis Infrastructure Acquisition Corp. shareholders approved To amend the certificate of incorporation to eliminate the limitation that the company shall not redeem public shares if net tangible assets would be less than $5,000,001.
- Proposal
- charter amendment
- Outcome
- passed
Exact text from the filing
3. The Redemption Limitation Amendment Proposal
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Acropolis Infrastructure Acquisition Corp. shareholders approved To amend the certificate of incorporation to permit the board to cease operations and redeem public shares prior to the extended date.
- Proposal
- charter amendment
- Outcome
- passed
Exact text from the filing
For Against Abstain 33,008,074 3,798,245 24,189
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Acropolis Infrastructure Acquisition Corp. shareholders approved To amend the certificate of incorporation to extend the date by which the company must complete an initial business combination from July 13, 2023 to July 13, 2024.
- Proposal
- charter amendment
- Outcome
- passed
Exact text from the filing
1. The Extension Amendment Proposal — to amend the Company’s amended and restated certificate of incorporation
View on SEC.gov
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