secwatch / observer
8-K filed March 14, 2023, 7:59 PM ET CIK 0001841024
other material confidence high sentiment negative materiality 0.70

L Catterton Asia Acquisition Corp extends business combination deadline to June 15, 2023; ~24% of public shares redeemed

L Catterton Asia Acquisition Corp

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

L Catterton Asia Acquisition Corp: Shareholders approved an amendment to the Amended and Restated Memorandum and Articles of Association to extend the deadline for the company to consummate a business combination from March 15, 2023 to June 15, 2023 and to allow the board, without further shareholder vote, to further extend up to nin (effective 2023-03-10).

Change
charter amendment
Effective
2023-03-10
Exact text from the filing
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. At the Extraordinary General Meeting, the Company’s shareholders approved a proposal to amend the Company’s Amended and Restated Memorandum and Articles of Association (the “Charter”) to the second amended and restated memorandum and articles of association to extend the date by which the Company must (1) consummate a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination, which we refer to as our initial business combination, (2) cease its operations except for the purpose of winding up if it fails to complete such initial business combination and (3) redeem all of the Class A ordinary shares, par value $0.0001 per share, of the Company (“Class A Ordinary Shares”) included as part of the units sold in the Company’s initial public offering that was consummated on March 15, 2021 (the “IPO” and such Class A Ordinary Shares, “public shares”)
View on SEC.gov
Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

L Catterton Asia Acquisition Corp shareholders approved Extension Proposal at the 2023-03-10 meeting.

Outcome
passed
Meeting
2023-03-10
Exact text from the filing
The Extension Proposal For Against Abstain 23,417,867 61 1
View on SEC.gov

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Source: SEC EDGAR
accession 0001104659-23-031969
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