secwatch.observer — SEC 8-K summary
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Issuer:     Churchill Capital Corp VI (—)
CIK:        0001828250
Form:       8-K
Filed at:   2023-05-16T23:59:59+00:00
Accession:  0001104659-23-061422
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Churchill Capital Corp VI extends deadline to Feb 2024; sponsor commits up to $4.5M monthly deposits; $281.9M redeemed
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- Stockholders approved extension of business combination deadline from May 17, 2023 to February 17, 2024.
- Sponsor agreed to make monthly $500,000 deposits to trust account via promissory note up to $4.5M, starting May 17, 2023.
- Holders of 27,690,293 shares redeemed at ~$10.18/share, totaling ~$281.93M removed from trust.
- After redemptions, 27,509,707 shares remain outstanding and ~$280.10M in trust before sponsor contributions.
- Promissory note is non-interest bearing, unsecured, matures upon business combination or winding up.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828250/000110465923061422/0001104659-23-061422-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828250/000110465923061422/tm2315839d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-061422

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