Home Plate Acquisition extends deadline to Oct 4, 2023; ~89% of Class A shares redeemed for ~$181M

Home Plate Acquisition Corp

Stockholders approved extension of business combination deadline from April 4, 2023 to October 4, 2023.
Amendment allows Class B common stock to convert to Class A on a one-for-one basis prior to closing.
17,727,065 Class A shares (approx. 89% of outstanding) redeemed for ~$181.2M ($10.22 per share).
Trust account reduced from $200M to ~$18.8M after redemptions and expenses.
Extension and conversion amendments passed with over 18.8M votes for, 459k against.

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

Home Plate Acquisition Corp: Amendment to Amended and Restated Certificate of Incorporation to extend business combination deadline to October 4, 2023 and provide Class B conversion right (effective 2023-03-30).

Change: charter amendment
Effective: 2023-03-30

Exact text from the filing

the Company filed an amendment (the “Extension Amendment”) to the Company’s Amended and Restated Certificate of Incorporation (the “A&R Charter”) with the Secretary of State of the State of Delaware. The Extension Amendment (i) extends the date by which the Company must consummate its initial business combination from April 4, 2023 to October 4, 2023 and (ii) provides holders of the Company’s Class B common stock, par value $0.0001 per share (“Class B Common Stock”) the right to convert any and all of their Class B Common Stock into the Company’s Class A common stock

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Home Plate Acquisition Corp amended Amendment No. 1 with Continental Stock Transfer & Trust Company (effective 2023-03-30).

Action: amendment
Counterparty: Continental Stock Transfer & Trust Company
Effective: 2023-03-30

Exact text from the filing

Home Plate Acquisition Corporation, a Delaware corporation (the “Company”), and Continental Stock Transfer & Trust Company entered into Amendment No. 1 (the “IMTA Amendment”) to the Investment Management Trust Agreement, dated as of September 29, 2021 (the “IMTA”).

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Home Plate Acquisition Corp shareholders approved Approve amendment to A&R Charter to provide holders of Class B Common Stock the right to convert to Class A Common Stock on a one-for-one basis prior to closing (Founder Share Amendment Proposal) at the 2023-03-30 meeting.

Proposal: charter amendment
Outcome: passed
Meeting: 2023-03-30

Exact text from the filing

The Founder Share Amendment Proposal – To approve and amend the A&R Charter to provide holders of Class B Common Stock the right to convert any and all of their Class B Common Stock into Class A Common Stock on a one-for-one basis prior to the closing of a business combination at the election of the holder. For Against Abstain 18,878,168 459,003 1,003

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Home Plate Acquisition Corp shareholders approved Approve amendment to A&R Charter to extend business combination deadline from April 4, 2023 to October 4, 2023 (Extension Amendment Proposal) at the 2023-03-30 meeting.

Proposal: charter amendment
Outcome: passed
Meeting: 2023-03-30

Exact text from the filing

The Extension Amendment Proposal – To approve and amend the A&R Charter to extend the date by which the Company must consummate a business combination from April 4, 2023 to October 4, 2023. For Against Abstain 18,879,171 459,003 0

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Home Plate Acquisition Corp shareholders approved Approve amendment to Investment Management Trust Agreement to extend business combination deadline from April 4, 2023 to October 4, 2023 (Trust Amendment Proposal) at the 2023-03-30 meeting.

Proposal: charter amendment
Outcome: passed
Meeting: 2023-03-30

Exact text from the filing

The Trust Amendment Proposal – To approve and amend the IMTA allowing the Company to extend the period of time required to consummate a business combination from April 4, 2023 to October 4, 2023. For Against Abstain 18,879,171 459,003 0

View on SEC.gov

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Source: SEC EDGAR

accession 0001140361-23-015392

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