---
schema_version: "secwatch.filing_event.v1"
accession: "0001013762-23-003527"
form_type: "8-K"
ticker: null
cik: "0001868775"
company_name: "ASPAC I Acquisition Corp."
filed_at: "2023-10-12T23:59:59+00:00"
generated_at: "2026-06-10T01:03:58.057642+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# ASCA shareholders approve extension to April 2024; 1.7M shares redeemed, trust ~$39.3M

## Summary
- Charter amended to allow up to six monthly extensions from Oct 17, 2023 to Apr 17, 2024; net tangible asset requirement removed.
- 1,695,224 Class A ordinary shares tendered for redemption in connection with EGM vote.
- $20,000 deposited to trust to extend deadline from Oct 17 to Nov 17, 2023.
- Trust account holds ~$39.3 million after redemptions.

## SEC filing metadata
- accession: 0001013762-23-003527
- form_type: 8-K
- cik: 0001868775
- company_name: ASPAC I Acquisition Corp.
- filed_at: 2023-10-12T23:59:59+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/1868775/000101376223003527/0001013762-23-003527-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1868775/000101376223003527/ea186504-8k_aspac1acqu.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001013762-23-003527
- JSON: https://secwatch.observer/filing/0001013762-23-003527.json
- Plain text: https://secwatch.observer/filing/0001013762-23-003527.txt

## Key facts
- Governance Changes
  ASPAC I Acquisition Corp.: Amended and restated the Charter to allow up to six one-month extensions of the business combination deadline from October 17, 2023 to April 17, 2024 (effective 2023-10-09).
  - Change: charter amendment
  - Effective: 2023-10-09
  source text: On October 9, 2023, following shareholder approval, the Company filed the Amended and Restated Memorandum and Articles of Association with the British Virgin Islands Registrar of Corporate Affairs on the same day. The New Charter allows the Company the right to extend the date by which it has to complete a business combination up to six (6) times for an additional one month each time, from October 17, 2023 to April 17, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1868775/000101376223003527/0001013762-23-003527-index.htm
- Governance Changes
  ASPAC I Acquisition Corp.: Removed the net tangible asset requirement from the Charter to expand methods to avoid penny stock rules (effective 2023-10-09).
  - Change: charter amendment
  - Effective: 2023-10-09
  source text: removed the net tangible asset requirement in order to expand the methods that the Company may employ so as not to become subject to the "penny stock" rules of the Securities and Exchange Commission
  evidence_url: https://www.sec.gov/Archives/edgar/data/1868775/000101376223003527/0001013762-23-003527-index.htm
- Shareholder Votes
  ASPAC I Acquisition Corp. shareholders approved The NTA Requirement Amendment Proposal at the 2023-10-09 meeting.
  - Proposal: charter amendment
  - Outcome: passed
  - Meeting: 2023-10-09
  source text: At the EGM on October 9, 2023, the Company’s shareholders approved the Charter Amendment Proposal and the NTA Requirement Amendment Proposal. The voting results were as follows: 1. The Charter Amendment Proposal FOR AGAINST ABSTAIN BROKER NON-VOTES 4,474,959 240,106 0 0 2. The NTA Requirement Amendment Proposal FOR AGAINST ABSTAIN BROKER NON-VOTES 4,491,870 223,195 0 0
  evidence_url: https://www.sec.gov/Archives/edgar/data/1868775/000101376223003527/0001013762-23-003527-index.htm
- Shareholder Votes
  ASPAC I Acquisition Corp. shareholders approved The Charter Amendment Proposal at the 2023-10-09 meeting.
  - Proposal: charter amendment
  - Outcome: passed
  - Meeting: 2023-10-09
  source text: At the EGM on October 9, 2023, the Company’s shareholders approved the Charter Amendment Proposal and the NTA Requirement Amendment Proposal. The voting results were as follows: 1. The Charter Amendment Proposal FOR AGAINST ABSTAIN BROKER NON-VOTES 4,474,959 240,106 0 0 2. The NTA Requirement Amendment Proposal FOR AGAINST ABSTAIN BROKER NON-VOTES 4,491,870 223,195 0 0
  evidence_url: https://www.sec.gov/Archives/edgar/data/1868775/000101376223003527/0001013762-23-003527-index.htm

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