Landcadia Holdings IV SPAC deadline extended to Mar 2024; warrant conversion at $0.40; $3.1M redeemed

Landcadia Holdings IV, Inc.

Public warrantholders approved conversion of warrants into $0.40 each upon business combination (6.63M for, 1.01M against).
Stockholders approved charter amendment extending business combination deadline to March 24, 2024; removed net tangible asset limit.
299,014 shares redeemed from trust (~$3.1M at $10.42/share); trust balance ~$11M; post-redemption: 1.06M Class A, 12.5M Class B.
Convertible promissory notes extended to March 24, 2024; sponsors can convert up to $1.5M aggregate into warrants at $1.50 each.

item 1.01 item 2.03 item 3.02 item 5.03 item 5.07 item 9.01

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

Landcadia Holdings IV, Inc.: Amended the certificate of incorporation to extend the business combination deadline, delete net tangible asset restrictions, and provide for founder share conversion rights (effective 2023-09-27).

Change: charter amendment
Effective: 2023-09-27

Exact text from the filing

On September 27, 2023, the Company filed the Charter Amendment (as defined below) with the Secretary of State of the State of Delaware.

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Landcadia Holdings IV, Inc. shareholders approved Warrant Amendment Proposal - amendment to the Warrant Agreement to provide for conversion of public warrants into the right to receive $0.40 per warrant at the 2022-09-22 meeting.

Outcome: passed
Meeting: 2022-09-22

Exact text from the filing

The final voting results for the Warrant Amendment Proposal were as follows: For Against Abstain 6,630,110 1,007,686 221,118

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Landcadia Holdings IV, Inc. shareholders approved Extension Amendment Proposal - extend the date by which the Company must consummate a Business Combination from September 29, 2023 to March 24, 2024 at the 2023-09-27 meeting.

Proposal: charter amendment
Outcome: passed
Meeting: 2023-09-27

Exact text from the filing

The final voting results for the Extension Amendment Proposal were as follows: For Against Abstain 13,383,182 1,246 0

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Landcadia Holdings IV, Inc. shareholders approved Founder Share Amendment Proposal - amend Charter to provide Class B common stock holders right to convert shares into Class A common stock on a one-to-one basis at any time at election of holder at the 2023-09-27 meeting.

Proposal: charter amendment
Outcome: passed
Meeting: 2023-09-27

Exact text from the filing

The final voting results for the Founder Share Amendment Proposal were as follows: For Against Abstain 13,383,181 1,247 0

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Landcadia Holdings IV, Inc. shareholders approved Redemption Limitation Amendment Proposal - delete limitation that Company shall not consummate a business combination if net tangible assets less than $5,000,001 and limitation on redemptions at the 2023-09-27 meeting.

Proposal: charter amendment
Outcome: passed
Meeting: 2023-09-27

Exact text from the filing

The final voting results for the Redemption Limitation Amendment Proposal were as follows: For Against Abstain 13,382,582 1,846 0

View on SEC.gov

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Source: SEC EDGAR

accession 0001104659-23-104812

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