---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-052045"
form_type: "8-K"
ticker: null
cik: "0001852749"
company_name: "ExcelFin Acquisition Corp."
filed_at: "2024-04-25T23:59:59+00:00"
generated_at: "2026-06-03T08:13:26.905904+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# ExcelFin stockholders approve extension to July 25, 2024; 662,217 shares redeemed

## Summary
- Extension deadline moved from April 25 to July 25, 2024; approved with 6,972,107 for, 6,154 against.
- Holders of 662,217 Class A shares exercised redemption rights in connection with extension.
- Promissory note with sponsor amended to extend maturity to July 25, 2024; principal up to $1.5M.
- Redemption limitation amendment also approved, eliminating $5M net tangible asset threshold.

## SEC filing metadata
- accession: 0001104659-24-052045
- form_type: 8-K
- cik: 0001852749
- company_name: ExcelFin Acquisition Corp.
- filed_at: 2024-04-25T23:59:59+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, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1852749/000110465924052045/0001104659-24-052045-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1852749/000110465924052045/tm2412733d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-052045
- JSON: https://secwatch.observer/filing/0001104659-24-052045.json
- Plain text: https://secwatch.observer/filing/0001104659-24-052045.txt

## Key facts
- Debt Financings
  ExcelFin Acquisition Corp. amended debt of up to $1,500,000 with ExcelFin SPAC LLC maturing the earlier of (i) July 25, 2024 or (ii) the date on which the Company consummates its initial business combination.
  - Principal: up to $1,500,000
  - Counterparty: ExcelFin SPAC LLC
  - Maturity: the earlier of (i) July 25, 2024 or (ii) the date on which the Company consummates its initial business combination
  - Event: amendment
  source text: Acquisition Corp. (the “Company”) and ExcelFin SPAC LLC (the “Sponsor”) entered into an Amended and Restated Promissory Note in the aggregate principal amount of up to $1,500,000. The Amended and Restated Promissory Note had originally been issued by the Company to the Sponsor on March 18, 2021 (as amended on October 25, 2021, May 3, 2023 and October 31,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1852749/000110465924052045/0001104659-24-052045-index.htm
- Material Agreements
  ExcelFin Acquisition Corp. amended Amended and Restated Promissory Note with ExcelFin SPAC LLC valued at $1,500,000 (effective 2023-10-26).
  - Action: amendment
  - Counterparty: ExcelFin SPAC LLC
  - Value: $1,500,000
  - Effective: 2023-10-26
  source text: On October 26, 2023, ExcelFin Acquisition Corp. (the “Company”) and ExcelFin SPAC LLC (the “Sponsor”) entered into an Amended and Restated Promissory Note in the aggregate principal amount of up to $1,500,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1852749/000110465924052045/0001104659-24-052045-index.htm
- Shareholder Votes
  ExcelFin Acquisition Corp. shareholders approved Redemption Limitation Amendment Proposal - to amend the Charter to eliminate the limitation that the Company shall not redeem public shares to the extent that such redemption would cause net tangible assets to be less than $5,000,001 at the 2024-04-25 meeting.
  - Proposal: charter amendment
  - Outcome: passed
  - Meeting: 2024-04-25
  source text: The voting results of the shares of the Common Stock were as follows: For Against Abstentions 6,977,959 302 0
  evidence_url: https://www.sec.gov/Archives/edgar/data/1852749/000110465924052045/0001104659-24-052045-index.htm
- Shareholder Votes
  ExcelFin Acquisition Corp. shareholders approved Extension Amendment Proposal - to amend the Charter to extend the date by which the Company must effectuate an initial business combination from April 25, 2024 to July 25, 2024 at the 2024-04-25 meeting.
  - Proposal: charter amendment
  - Outcome: passed
  - Meeting: 2024-04-25
  source text: The voting results of the shares of the Common Stock were as follows: For Against Abstentions 6,972,107 6,154 0
  evidence_url: https://www.sec.gov/Archives/edgar/data/1852749/000110465924052045/0001104659-24-052045-index.htm

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