Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.95
Atlantic Coastal Acquisition Corp.: Stockholders approved an amendment to the certificate of incorporation to extend the deadline to consummate a business combination from September 8, 2023 to March 8, 2024, with potential for up to six additional monthly extensions up to September 8, 2024 (effective 2023-09-08).
- Change
- charter amendment
- Effective
- 2023-09-08
Exact text from the filing
On September 8, 2023, at a special meeting of the stockholders of Atlantic Coastal Acquisition Corp., a Delaware corporation and a special purpose acquisition company ( the “ Company ”) whose securities are listed on Nasdaq (the “ Special Meeting ”), the stockholders approved a proposal to amend the Company’s second amended and restated certificate of incorporation (the “ Charter ”) to extend the date by which the Company must consummate a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination involving the Company and one or more businesses (a “ Business Combination ”), (ii) cease its operations if it fails to complete such business combination, and (iii) redeem or repurchase 100% of the Company’s Class A common stock included as part of the units sold in the Company’s initial public offering that was consummated on March 8, 2021 (the “ Public Shares ”), from September 8, 2023 (the “ Existing Termination Date ”) to March 8, 20
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