secwatch.observer — SEC 8-K summary
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Issuer:     Games & Esports Experience Acquisition Corp. (—)
CIK:        0001856774
Form:       8-K
Filed at:   2023-03-06T23:59:59+00:00
Accession:  0001104659-23-028994
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 5.03, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GEEX extends business combination deadline to Dec 7, 2023; 13.6M shares redeemed at ~$10.43
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- Shareholders approved charter amendment extending deadline from March 7 to December 7, 2023, with monthly $140k deposits.
- 13,639,848 ordinary shares redeemed at approximately $10.43 per share in connection with the vote.
- Company borrowed $350k under a $1M unsecured promissory note from sponsor; $140k deposited to extend termination date to April 7, 2023.
- Sponsor note bears no interest, repayable upon business combination or liquidation; sponsor may convert principal into private placement warrants at $1.00 per warrant.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856774/000110465923028994/0001104659-23-028994-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856774/000110465923028994/tm238629d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-028994

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