secwatch.observer — SEC 8-K summary
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Issuer:     ARYA Sciences Acquisition Corp IV (—)
CIK:        0001838821
Form:       8-K
Filed at:   2023-03-01T23:59:59+00:00
Accession:  0001140361-23-009440
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 2.03, 5.07, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ARYA Sciences SPAC extends deadline to June 2023; $115M in redemptions from trust
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- Shareholders approved extension of business combination deadline from March 2, 2023 to June 2, 2023, with up to nine monthly extensions to March 2024.
- Sponsor issued convertible promissory note of up to $1.68M to fund trust deposits; $420K drawn initially.
- 11,259,169 shares redeemed at ~$10.22 per share, totaling ~$115.1M withdrawn from trust.
- The Adjournment Proposal was not voted on due to sufficient votes for extension.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1838821/000114036123009440/0001140361-23-009440-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1838821/000114036123009440/brhc10049030_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-009440

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