Chavant shareholders approve business combination deadline extension to Jan 22, 2024; remove redemption caps

MOBIX LABS, INC

Shareholders approved extension of business combination deadline from July 22, 2023 to January 22, 2024.
Approved elimination of redemption limitations (net tangible assets minimum of $5,000,001).
Holders of 77,130 shares exercised redemption rights for pro rata trust proceeds.
Initial trust deposit of $38,945.60 made; monthly deposits of same amount expected thereafter.
2,672,996 shares voted (93.59% of eligible); Extension Amendment passed with 2,669,150 for, 3,846 against.

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

MOBIX LABS, INC: Amended the Amended and Restated Memorandum and Articles of Association to extend the deadline for initial business combination from July 22, 2023 to January 22, 2024, and to eliminate certain redemption limitations and net tangible asset requirements (effective 2023-07-18).

Change: charter amendment
Effective: 2023-07-18

Exact text from the filing

On July 18, 2023, Chavant Capital Acquisition Corp. (the “Company” or “Chavant”) held an Extraordinary General Meeting of shareholders to obtain shareholder approval to amend the Company’s Amended and Restated Memorandum and Articles of Association to (i) extend the date by which the Company must consummate an initial business combination from July 22, 2023 to January 22, 2024 (the “Extended Date”) (the “Extension Amendment”) and (ii) eliminate (x) the limitation that the Company shall not redeem the Company’s public shares to the extent that such redemption would cause the Company’s net tangible assets to be less than $5,000,001 and (y) the limitation that the Company shall not consummate a business combination unless the Company has net tangible assets of at least $5,000,001 immediately prior to, or upon consummation of, or any greater net tangible asset or cash requirement that may be contained in the agreement relating to, such business combination (the “Redemption Limitation Amend

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.95

MOBIX LABS, INC shareholders approved Redemption Limitation Amendment Proposal at the 2023-07-18 meeting.

Proposal: charter amendment
Outcome: passed
Meeting: 2023-07-18

Exact text from the filing

Set forth below are the voting results for the Redemption Limitation Amendment Proposal: For Against Abstain Broker Non-Votes 2,672,153 843 0 N/A

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.95

MOBIX LABS, INC shareholders approved Extension Amendment Proposal at the 2023-07-18 meeting.

Proposal: charter amendment
Outcome: passed
Meeting: 2023-07-18

Exact text from the filing

Set forth below are the voting results for the Extension Amendment Proposal: For Against Abstain Broker Non-Votes 2,669,150 3,846 0 N/A

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MOBIX LABS, INC filing history →

Source: SEC EDGAR

accession 0001104659-23-083436

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