secwatch / observer
8-K filed February 7, 2023, 6:59 PM ET CIK 0001837248
other material confidence high sentiment neutral materiality 0.40

Sustainable Development Acquisition I Corp extends deadline to August 12, 2023 after shareholder vote

Sustainable Development Acquisition I Corp.

item 5.03item 5.07item 9.01

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

Sustainable Development Acquisition I Corp.: Amended charter to extend business combination deadline from February 4, 2023 to August 12, 2023 (effective 2023-02-02).

Change
charter amendment
Effective
2023-02-02
Exact text from the filing
On February 1, 2023, stockholders of Sustainable Development Acquisition I Corp. (the “Company”) held a special meeting of stockholders (the “Special Meeting”), where the stockholders of the Company approved an amendment (the “Extension Amendment”) to the Amended and Restated Certificate of Incorporation of the Company (the “Charter”) to extend the date by which the Company must (i) consummate a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination involving the Company and one or more businesses, which we refer to as a “business combination,” (ii) cease its operations if it fails to complete such business combination, and (iii) redeem or repurchase 100% of the Company’s Class A common stock included as part of the units sold in the Company’s initial public offering that was consummated on February 4, 2021 from February 4, 2023 to August 12, 2023. The Company filed the Extension Amendment with the Secretary of State of the Sta
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Shareholder Votes SEC 8-K Item 5.07 confidence 0.95

Sustainable Development Acquisition I Corp. shareholders approved Extension Amendment Proposal.

Proposal
charter amendment
Outcome
passed
Exact text from the filing
The number of votes cast for or against, as well as the number of abstentions as to each proposal, are set forth below. Extension Amendment Proposal Votes For Votes Against Abstentions 27,804,510 4,298,340 0
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Source: SEC EDGAR
accession 0001104659-23-011399
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