PNAC stockholders approve charter extension; 1.54M shares redeemed, $125k deposited for first monthly extension

Prime Number Acquisition I Corp.

Stockholders approved charter amendment extending deadline to Nov 17, 2023, with up to six monthly extensions.
First extension to June 17, 2023 funded by $125k deposit into trust account.
noco-noco provided $208,594.15 promissory note covering extension payment and 50% of registration fee; convertible to shares at $10.
1,537,701 shares of Class A common stock redeemed, representing ~18% of 8.46M outstanding.
Note bears no interest, payable upon business combination or maturity; optional conversion by noco-noco.

item 2.03 item 3.02 item 5.03 item 5.07 item 7.01 item 8.01 item 9.01

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

Prime Number Acquisition I Corp.: Charter amended to extend the deadline to consummate an initial business combination until May 17, 2023, with up to six one-month extensions to November 17, 2023, contingent on deposits to the trust account (effective 2023-05-17).

Change: charter amendment
Effective: 2023-05-17

Exact text from the filing

At the Special Meeting, the stockholders of the Company approved the proposal to amend the Charter to allow the Company until May 17, 2023 to consummate an initial business combination and may elect to extend the period to consummate an initial business combination up to six times, each by an additional one-month period, for a total of up to six months to November 17, 2023, by depositing to the Trust Account the lesser of (i) $125,000 for all public shares and (ii) $0.045 for each public share for each one-month extension.

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Prime Number Acquisition I Corp. shareholders approved Amend the Company's Charter to allow extension of initial business combination deadline to May 17, 2023 with option for up to six additional one-month periods at the 2023-04-17 meeting.

Proposal: charter amendment
Outcome: passed
Meeting: 2023-04-17

Exact text from the filing

The final results for the matter submitted to a vote of the Company’s stockholders at the Special Meeting are as follows: 1. The Charter Amendment Proposal The stockholders approved the proposal to amend the Company’s Charter to allow the Company until May 17, 2023 to consummate an initial business combination and may elect to extend the period to consummate an initial business combination up to six times, each by an additional one-month period, for a total of up to six months to November 17, 2023, by depositing to the Trust Account the lesser of (i) $125,000 for all public shares and (ii) $0.045 for each public share for each one-month extension. The voting results were as follows: FOR AGAINT ABSTAIN 7,438,698 484 0

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Source: SEC EDGAR

accession 0001104659-23-061777

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