---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-014598"
form_type: "8-K"
ticker: null
cik: "0001828248"
company_name: "Churchill Capital Corp VII"
filed_at: "2024-02-12T23:59:59+00:00"
generated_at: "2026-06-06T04:25:52.857850+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Churchill VII stockholders approve extension to Aug 2024; ~$605M remains in trust after redemptions

## Summary
- Stockholders approved amendment extending business combination deadline from Feb 17 to Aug 17, 2024.
- Redemption of 951,810 shares at ~$10.61 each totals ~$10M; 57M shares remain outstanding.
- Trust account holds ~$605M after redemptions; sponsor to deposit $1M monthly until Aug 15 or deal close.
- Business combination with CorpAcq expected to close early 2024, subject to SEC effectiveness and $350M min cash.
- Over 98% of Class A common stock retained by stockholders.

## SEC filing metadata
- accession: 0001104659-24-014598
- form_type: 8-K
- cik: 0001828248
- company_name: Churchill Capital Corp VII
- filed_at: 2024-02-12T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1828248/000110465924014598/0001104659-24-014598-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828248/000110465924014598/tm245691d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-014598
- JSON: https://secwatch.observer/filing/0001104659-24-014598.json
- Plain text: https://secwatch.observer/filing/0001104659-24-014598.txt

## Key facts
- Debt Financings
  Churchill Capital Corp VII amended loan with Churchill Sponsor VII LLC maturing maturity as defined in the Promissory Note.
  - Instrument: loan
  - Counterparty: Churchill Sponsor VII LLC
  - Maturity: maturity as defined in the Promissory Note
  - Event: amendment
  source text: On February 9, 2024, Churchill Capital Corp VII ( “Churchill VII”) and Churchill Sponsor VII LLC (the “Sponsor”) entered into an amendment to that certain non-interest bearing, unsecured promissory note (as amended, the “Promissory Note”), issued by Churchill VII to the Sponsor on May 16, 2023, pursuant to which the Sponsor has agreed to continue to make monthly deposits directly to the trust account (the “Trust Account”) of $1 million per month (each deposit, a “Contribution”) on the terms described below.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1828248/000110465924014598/0001104659-24-014598-index.htm
- Governance Changes
  Churchill Capital Corp VII: Amended certificate of incorporation to extend deadline for business combination from February 17, 2024 to August 17, 2024, and provide for one-to-one conversion rights for Class B common stock to Class A common stock at holder's election (effective 2024-02-09).
  - Change: charter amendment
  - Effective: 2024-02-09
  source text: stockholders of Churchill VII approved an amendment to Churchill VII’s amended and restated certificate of incorporation (the “Charter Amendment”) to (i) extend the date by which Churchill VII has to consummate the Transactions from February 17, 2024 to August 17, 2024 (or such earlier date as determined by the Board) (the “Extension Amendment Proposal”) and (ii) to provide for the rights of holders of Churchill VII’s Class B common stock (“Class B Common Stock”) to convert their shares of Class B Common Stock into shares of Churchill VII’s Class A common stock (“Class A Common Stock”) on a one-to-one basis at any time and from time to time at the election of the holder.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1828248/000110465924014598/0001104659-24-014598-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.