other material
confidence high
sentiment neutral
materiality 0.60
Oak Woods shareholders approve extension to Sept 2025; 679,929 shares redeemed
Oak Woods Acquisition Corp
- Shareholders approved extension of business combination deadline from March 28, 2025 to September 28, 2025.
- Extension amendment passed unanimously: 4,804,188 FOR, 0 AGAINST, 0 ABSTAIN.
- 679,929 ordinary shares were tendered for redemption, leaving 6,037,979 shares outstanding.
- Company must deposit $172,500 per month into trust for each one-month extension, up to six months.
- Adjournment proposal also passed but was moot after extension approval.