SGII holders approve extension to Aug 2023; 10.1M shares redeemed ($103.9M); sponsor adds 200K shares

Seaport Global Acquisition II Corp.

Special meeting Feb 13; shareholders approved extension of business combination deadline to Aug 19, 2023.
10,125,252 public shares redeemed at ~$10.27/share for total ~$103.9 million.
Sponsor contributed 200,000 Class B shares to trust as condition for extension.
After contribution, sponsor owns 3,393,750 Class B shares, representing 44.4% of outstanding if converted.
Amendment to certificate of incorporation filed Feb 14 to allow extension.

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

Seaport Global Acquisition II Corp.: Amended certificate of incorporation to provide Class B stockholders the right to convert to Class A common stock on a one-for-one basis prior to business combination (effective 2023-02-14).

Change: charter amendment
Effective: 2023-02-14

Exact text from the filing

To amend the Company’s amended and restated certificate of incorporation to provide for the right of a holder of Class B Common Stock of the Company to convert into Class A Common Stock on a one-for-one basis prior to the closing of a business combination at the election of the holder.

View on SEC.gov

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Seaport Global Acquisition II Corp.: Amended certificate of incorporation to extend deadline for business combination from February 19, 2023 to August 19, 2023 (effective 2023-02-14).

Change: charter amendment
Effective: 2023-02-14

Exact text from the filing

T o amend the Company’s amended and restated certificate of incorporation by allowing the Company to extend the date by which it has to consummate a business combination for an additional six (6) months, from February 19, 2023 to August 19, 2023

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Seaport Global Acquisition II Corp. shareholders approved To amend the Investment Management Trust Agreement to authorize the extension and its implementation. at the 2023-02-13 meeting.

Outcome: passed
Meeting: 2023-02-13

Exact text from the filing

Proposal No. 2 The Trust Amendment Proposal: To amend the Investment Management Trust Agreement, dated November 17, 2021, by and between the Company and Continental Stock Transfer & Company to authorize the Extension and its implementation by the Company. FOR AGAINST ABSTAIN 15,660,047 323,260 0

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Seaport Global Acquisition II Corp. shareholders approved To amend the Company's amended and restated certificate of incorporation to allow an extension of the business combination deadline from February 19, 2023 to August 19, 2023. at the 2023-02-13 meeting.

Proposal: charter amendment
Outcome: passed
Meeting: 2023-02-13

Exact text from the filing

Proposal No. 1: The Extension Amendment Proposal: T o amend the Company’s amended and restated certificate of incorporation by allowing the Company to extend the date by which it has to consummate a business combination for an additional six (6) months, from February 19, 2023 to August 19, 2023, or such earlier date as determined by the Company’s board of directors, conditioned on the deposit of 200,000 shares of Class B common stock into the Company’s IPO Trust Account. FOR AGAINST ABSTAIN 15,604,526 378,781 0

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Seaport Global Acquisition II Corp. shareholders approved To amend the certificate of incorporation to provide for the right of Class B common stock holders to convert into Class A common stock on a one-for-one basis prior to a business combination closing. at the 2023-02-13 meeting.

Proposal: charter amendment
Outcome: passed
Meeting: 2023-02-13

Exact text from the filing

Proposal 3: Founder Share Amendment Proposal . To amend the Company’s amended and restated certificate of incorporation to provide for the right of a holder of Class B Common Stock of the Company to convert into Class A Common Stock on a one-for-one basis prior to the closing of a business combination at the election of the holder. FOR AGAINST ABSTAIN 15,732,016 251,290 1

View on SEC.gov

Browse all governance changes →

Source: SEC EDGAR

accession 0001104659-23-022412

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.