secwatch.observer — SEC 8-K summary
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Issuer:     L Catterton Asia Acquisition Corp (—)
CIK:        0001841024
Form:       8-K
Filed at:   2023-03-14T23:59:59+00:00
Accession:  0001104659-23-031969
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

L Catterton Asia Acquisition Corp extends business combination deadline to June 15, 2023; ~24% of public shares redeemed
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- Shareholders approved extension from March 15, 2023 to June 15, 2023; Board can extend further up to March 15, 2024.
- Holders of 6,867,252 Class A shares (approx. 24%) redeemed at ~$10.18 per share, total ~$69.9 million.
- Sponsor to contribute $0.09 per non-redeemed public share for initial three-month extension, then $0.03 per month for subsequent extensions.
- Votes: 23,417,867 for, 61 against, 1 abstain; quorum 65.39% of voting power.
- Adjournment proposal not presented as sufficient votes existed for extension approval.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1841024/000110465923031969/0001104659-23-031969-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1841024/000110465923031969/tm239525d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-031969

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