secwatch / observer
8-K filed March 10, 2023, 6:59 PM ET CIK 0001840353
other material confidence high sentiment neutral materiality 0.75

SPAC Twin Ridge extends deadline to June 2023 after $153.6M redemptions; issues $1.5M note

Twin Ridge Capital Acquisition Corp.

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

Twin Ridge Capital Acquisition Corp.: Company filed an amendment to its amended and restated memorandum and articles of association to extend the deadline to consummate a business combination from March 8, 2023 to June 8, 2023, with the ability to extend further on a monthly basis up to March 8, 2024 (effective 2023-03-07).

Change
charter amendment
Effective
2023-03-07
Exact text from the filing
On March 6, 2023, the Company held the Extension Meeting to amend the Company’s amended and restated memorandum and articles of association (the “ Articles ”) to extend the date (the “ Termination Date ”) by which the Company has to consummate a business combination (the “ Articles Extension ”) from March 8, 2023 (the “ Original Termination Date ”) to June 8, 2023 (the “ Articles Extension Date ”) and to allow the Company, without another shareholder vote, to elect to extend the Termination Date to consummate a business combination on a monthly basis for up to nine times by an additional one month each time after the Articles Extension Date, by resolution of the Company’s board of directors if requested by the Sponsor, and upon five days’ advance notice prior to the applicable Termination Date, until March 8, 2024, or a total of up to twelve months after the Original Termination Date, unless the closing of the Company’s initial business combination shall have occurred prior to such dat
View on SEC.gov
Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Twin Ridge Capital Acquisition Corp. shareholders approved Extension Amendment Proposal at the 2023-03-06 meeting.

Outcome
passed
Meeting
2023-03-06
Exact text from the filing
The Extension Amendment Proposal For Against Abstain 23,230,876 451,622 0
View on SEC.gov

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Source: SEC EDGAR
accession 0001140361-23-011216
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