8-K
filed August 11, 2023, 7:59 PM ET
CIK 0001831270
other material
confidence high
sentiment neutral
materiality 0.60
Bite Acquisition Corp. shareholders approve extension to Feb 2024; 120,637 shares redeemed
Bite Acquisition Corp.
- Shareholders voted 7,619,471 FOR, 302 AGAINST, 567,468 broker non-votes to extend business combination deadline from Aug 17, 2023 to Feb 17, 2024.
- Extension requires Smart Dine, LLC to deposit $75,000 per monthly extension into trust account, up to six months.
- Charter amendment removes conversion limitation (redemption allowed even if net tangible assets < $5M) and allows up to $100k trust interest for dissolution expenses.
- Joseph C. Essa and Julia A. Stewart re-elected as Class II directors with overwhelming support.
- 120,637 shares redeemed for cash; trust account balance impacted accordingly.
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
Bite Acquisition Corp.: Extended business combination deadline from Aug 17, 2023 to Feb 17, 2024, removed conversion limitation, and allowed withdrawal of up to $100,000 of trust interest for dissolution expenses (effective 2023-08-10).
- Change
- charter amendment
- Effective
- 2023-08-10
Exact text from the filing
the Company filed a certificate of amendment to its amended and restated certificate of incorporation (the " Charter ") with the Delaware Secretary of State on August 10, 2023 (the " Charter Amendment "), to (i) extend the date by which the Company has to consummate a business combination from August 17, 2023 (the " Termination Date ") to up to February 17, 2024, or such earlier date as determined by the Company’s board of directors (the " Board "), (ii) remove the Conversion Limitation (as defined in the Charter) to allow the Company to redeem public shares notwithstanding the fact that such redemption would result in the Company having net tangible assets of less than $5,000,001, and (iii) allow the Company to remove up to $100,000 of interest earned on the amount on deposit in the Company’s trust account prior to redeeming the public shares in connection with the liquidation and dissolution of the Company in order to pay dissolution expenses.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Bite Acquisition Corp. shareholders approved Ratify the selection of Marcum LLP as independent registered public accounting firm for fiscal year ending December 31, 2023 at the 2023-08-10 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-08-10
Exact text from the filing
FOR AGAINST ABSTAIN BROKER NON- VOTES 8,187,139 100 2 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Bite Acquisition Corp. shareholders approved Re-elect Joseph C. Essa and Julia A. Stewart as Class II directors at the 2023-08-10 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-08-10
Exact text from the filing
NAME FOR WITHHOLD BROKER NON- VOTES Joseph C. Essa 7,617,880 1,893 567,468 Julia A. Stewart 7,619,471 102 567,468
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Bite Acquisition Corp. shareholders approved Amend the Charter to extend the business combination deadline, remove the Conversion Limitation, and allow removal of trust interest for dissolution expenses at the 2023-08-10 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2023-08-10
Exact text from the filing
FOR AGAINST ABSTAIN BROKER NON- VOTES 7,619,471 302 0 567,468
View on SEC.gov
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