8-K
filed July 27, 2023, 7:59 PM ET
CIK 0001847440
other material
confidence high
sentiment neutral
materiality 0.55
Coliseum Acquisition Corp. appoints new CEO/CFO, overhauls board, extends deadline to Aug 25
Coliseum Acquisition Corp.
- CEO Harry L. You resigned; Charles Wert appointed CEO and Oanh Truong appointed CFO, effective July 25, 2023.
- Five outgoing directors resigned; new directors Roland Rapp, Kenneth Rivers, Walter Skowronski elected by sole Class B shareholder.
- Board reduced from seven to four members; Harry L. You remains as Chairman of the Board.
- Business combination deadline extended to August 25, 2023; Berto LLC deposited $100,000 into trust account for second extension.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Kenneth Rivers was elected as Director at Coliseum Acquisition Corp..
- Action
- elected
- Role
- Director
Exact text from the filing
each of Roland Rapp, Kenneth Rivers and Walter Skowronski (the “New Directors”) were elected by the holder of Class B ordinary shares of the Company (the “Class B Share”) to fill the vacancies left by the resignations of the Outgoing Directors.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Harry L. You was appointed as Chairman of the Board at Coliseum Acquisition Corp..
- Action
- resigned as Chief Executive Officer and Chief Financial Officer; appointed Chairman of the Board
- Role
- Chairman of the Board
Exact text from the filing
Additionally, effective July 25, 2023, Harry L. You resigned as the Chief Executive Officer and Chief Financial Officer of the Company in order to reduce his time commitment and avoid overboarding concerns under proxy advisor and other institutional investor policies. Mr. You will continue to serve as a member of the Board and, effective July 25, 2023, he was appointed Chairman of the Board.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Andrew Heyer resigned as Director at Coliseum Acquisition Corp..
- Action
- resigned
- Role
- Director
Exact text from the filing
On July 25, 2023, the Company accepted the resignations of the Outgoing Directors.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jim Lanzone resigned as Director at Coliseum Acquisition Corp..
- Action
- resigned
- Role
- Director
Exact text from the filing
On July 25, 2023, the Company accepted the resignations of the Outgoing Directors.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Walter Skowronski was elected as Director at Coliseum Acquisition Corp..
- Action
- elected
- Role
- Director
Exact text from the filing
each of Roland Rapp, Kenneth Rivers and Walter Skowronski (the “New Directors”) were elected by the holder of Class B ordinary shares of the Company (the “Class B Share”) to fill the vacancies left by the resignations of the Outgoing Directors.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Roland Rapp was elected as Director at Coliseum Acquisition Corp..
- Action
- elected
- Role
- Director
Exact text from the filing
each of Roland Rapp, Kenneth Rivers and Walter Skowronski (the “New Directors”) were elected by the holder of Class B ordinary shares of the Company (the “Class B Share”) to fill the vacancies left by the resignations of the Outgoing Directors.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Romita Mally resigned as Director at Coliseum Acquisition Corp..
- Action
- resigned
- Role
- Director
Exact text from the filing
On July 25, 2023, the Company accepted the resignations of the Outgoing Directors.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Rich Paul resigned as Director at Coliseum Acquisition Corp..
- Action
- resigned
- Role
- Director
Exact text from the filing
On July 25, 2023, the Company accepted the resignations of the Outgoing Directors.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Charles Wert was appointed as Chief Executive Officer at Coliseum Acquisition Corp..
- Action
- appointed
- Role
- Chief Executive Officer
Exact text from the filing
Effective July 25, 2023, Charles Wert was appointed the Company’s Chief Executive Officer
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Ezra Kucharz resigned as Director at Coliseum Acquisition Corp..
- Action
- resigned
- Role
- Director
Exact text from the filing
On July 25, 2023, the Company accepted the resignations of the Outgoing Directors.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Coliseum Acquisition Corp. entered into Administrative Services Agreement with Berto, LLC valued at a monthly sum of $10,000 (effective 2023-07-25).
- Action
- entry
- Counterparty
- Berto, LLC
- Value
- a monthly sum of $10,000
- Effective
- 2023-07-25
Exact text from the filing
On July 25, 2023, Coliseum Acquisition Corp. (the “Company”) entered into an Administrative Services Agreement (the “Services Agreement”) by and between the Company and Berto, LLC (“Berto”), a Delaware limited liability company controlled by Harry L. You, the chairman of the Company.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Coliseum Acquisition Corp. shareholders approved Election of each of the New Directors to serve as directors of the Company at the 2023-07-25 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-07-25
Exact text from the filing
At the Meeting, the holder of the Class B Share approved a proposal to elect each of the New Directors to serve for the term of their respective classes or until their respective successors are duly elected or appointed and qualified. The vote tabulation for the election of directors is set forth below. Director Nominee Votes For Votes Withheld Abstentions Walter Skowronski 1 0 0 Roland Rapp 1 0 0 Kenneth Rivers 1 0 0
View on SEC.gov
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