secwatch.observer — SEC 8-K summary
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Issuer:     Frontier Investment Corp (—)
CIK:        0001855693
Form:       8-K
Filed at:   2023-07-06T23:59:59+00:00
Accession:  0001104659-23-078744
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 5.03, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Frontier Investment Corp extends SPAC deadline to July 2024; ~86% of public shares redeemed
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- Shareholders approved extension of business combination deadline from July 6, 2023 to July 6, 2024.
- 17,266,304 Class A shares (86.3% of public shares) tendered for redemption, ~$179M removed from trust.
- Approximately $28.3M remains in trust account after redemptions.
- Sponsor converted 5,999,999 Class B shares to Class A, now holds ~65% of outstanding Class A shares.
- Shareholders also approved removal of net tangible asset redemption limitation and founder share conversion rights.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1855693/000110465923078744/0001104659-23-078744-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1855693/000110465923078744/tm2320662d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-078744

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