Tailwind International shareholders approve extension to Aug 2023; ~32.3M shares redeemed for $329M

Tailwind International Acquisition Corp.

Extension of business combination deadline from Feb 23, 2023 to Aug 23, 2023 approved.
Redemption limitation removed; no minimum net tangible asset threshold for redemptions.
Holders of 32,295,189 Class A shares redeemed at ~$10.19/share, aggregate ~$329,166,606.
Adjournment proposal not presented due to sufficient votes for the two main proposals.
Quorum of 80.73% of voting power present; 34,813,694 shares represented.

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

Tailwind International Acquisition Corp.: Amended the company's amended and restated memorandum and articles of association to extend the deadline to consummate a business combination from February 23, 2023 to August 23, 2023, and to remove the limitation on redemption of public shares that would cause net tangible assets to fall below $5,0 (effective 2023-02-23).

Change: charter amendment
Effective: 2023-02-23

Exact text from the filing

On February 21, 2023, Tailwind International Acquisition Corp. (the “ Company ”) held an extraordinary general meeting of shareholders (the “ Extension Meeting ”), to (i) amend the Company’s amended and restated memorandum and articles of association (the “ Articles Amendment ”) to extend the date by which the Company has to consummate a business combination from February 23 2023 to August 23, 2023 (such proposal, the “ Extension Amendment Proposal ”) and (ii) remove the limitation that the Company may not redeem public shares to the extent that such redemption would result in the Company having net tangible assets (as determined in accordance with Rule 3a51-1(g)(1) of the Securities Exchange Act of 1934, as amended, of less than $5,000,001 (the “ Redemption Limitation Amendment Proposal ”) .

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Tailwind International Acquisition Corp. shareholders approved Extension Amendment Proposal at the 2023-02-21 meeting.

Proposal: charter amendment
Outcome: passed
Meeting: 2023-02-21

Exact text from the filing

The Extension Amendment Proposal For Against Abstain 32,845,768 1,967,926 0

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Tailwind International Acquisition Corp. shareholders approved Redemption Limitation Amendment Proposal at the 2023-02-21 meeting.

Proposal: charter amendment
Outcome: passed
Meeting: 2023-02-21

Exact text from the filing

The Redemption Limitation Amendment Proposal For Against Abstain 32,845,768 1,967,926 0

View on SEC.gov

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Source: SEC EDGAR

accession 0001104659-23-025317

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