secwatch.observer — SEC 8-K summary
======================================

Issuer:     Atlantic Coastal Acquisition Corp. (—)
CIK:        0001836274
Form:       8-K
Filed at:   2023-03-03T23:59:59+00:00
Accession:  0001104659-23-028136
Event type: other_material
Sentiment:  negative
Materiality: 0.60
Item codes: 1.01, 5.03, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ACAH shareholders approve extension to June 8, 2023; ~31M shares redeemed at ~$10.14
--------------------------------------------------------------------------------

- Shareholders approved charter amendment extending business combination deadline to June 8, 2023 (possible further to Sep 8, 2023).
- 30,967,389 public shares redeemed at ~$10.14 per share; 12,157,610 Class A shares remain outstanding.
- Sponsor and independent directors converted 8,624,999 Class B shares to Class A, agreeing not to vote them until after a business combination and not to take trust distributions.
- Sponsor entered Non-Redemption Agreements with third parties, agreeing to transfer 355,240 shares in exchange for not redeeming 2,368,264 shares.
- Extension approved with 36,578,414 votes for, 256,247 against; no broker non-votes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1836274/000110465923028136/0001104659-23-028136-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1836274/000110465923028136/tm238396d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-028136

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer