8-K
filed April 21, 2023, 7:59 PM ET
CIK 0001880151
other material
confidence high
sentiment neutral
materiality 0.75
Liberty Resources extends business combination deadline to Feb 2024; $81.4M in redemptions
Liberty Resources Acquisition Corp.
- Shareholders approved extension of deadline from May 8, 2023 to Feb 8, 2024 via up to nine 1-month extensions.
- Trust Agreement amended; sponsor deposits $150K per extension. First deposit by May 8, 2023.
- 7,693,815 shares redeemed at ~$10.58/share, totaling ~$81.4M; Trust balance now ~$40.3M.
- Votes: 12,497,281 for, 570,632 against on both Extension Amendment and Trust Amendment proposals.
- Redemptions reduced public float; company continues pursuing initial business combination.
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
Liberty Resources Acquisition Corp.: Amended and Restated Certificate of Incorporation to extend the deadline for completing a business combination from May 8, 2023 to February 8, 2024, with up to nine 1-month extensions (effective 2023-04-21).
- Change
- charter amendment
- Effective
- 2023-04-21
Exact text from the filing
At the Special Meeting, the Shareholders approved the proposal (the “Extension Amendment Proposal”) to enter into and file with the Delaware Secretary of State the First Amendment to the Amended and Restated Certificate of Incorporation of the Company, pursuant to which the Company will have the right to extend from May 8, 2023 (the “Original Termination Date”) by up to 9 1-month extensions to February 8, 2024 (the “Outside Date”; each of the 9 1-month extensions, an “Extension”, and each such extension date a “Deadline Date”, and the latest of such Deadline Dates, the “Extended Deadline”) the date by which the Company (i) consummates a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination involving the Company and one or more businesses (a “business combination”), or (ii) (a) ceases its operations if the Company fails to complete such business combination, and (b) redeems or repurchases 100% of the Company’s Class A common st
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 1.0
Liberty Resources Acquisition Corp. amended Amendment No. 1 to the Trust Agreement with Continental Stock Transfer & Trust Company (effective 2023-04-18).
- Action
- amendment
- Counterparty
- Continental Stock Transfer & Trust Company
- Effective
- 2023-04-18
Exact text from the filing
On April 18, 2023, at 9:00 a.m. ET, the Company held a virtual special meeting of its shareholders at https://www.cstproxy.com/libertyresourcesacquisition/2023, pursuant to due notice (such meeting, the “Special Meeting”). At the Special Meeting, the Company shareholders entitled to vote at the Special Meeting (the “Shareholders”) cast their votes and approved the proposal (the “Trust Amendment Proposal”) to authorize the Company to enter into Amendment No. 1 to the Trust Agreement (the “Trust Agreement Amendment”)
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
Liberty Resources Acquisition Corp. shareholders approved Trust Amendment Proposal.
- Outcome
- passed
Exact text from the filing
Proposal 2 - Trust Amendment Proposal The Shareholders approved the Trust Amendment Proposal. The following is a tabulation of the voting results: Common Stock: Votes For Votes Against Abstentions Broker Non-Votes 12,497,281 570,632 0 N/A
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
Liberty Resources Acquisition Corp. shareholders approved Extension Amendment Proposal.
- Outcome
- passed
Exact text from the filing
Proposal 1- Extension Amendment Proposal The Shareholders approved the Extension Amendment Proposal. The following is a tabulation of the voting results: Common Stock: Votes For Votes Against Abstentions Broker Non-Votes 12,497,281 570,632 0 N/A
View on SEC.gov
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