Enphys Acquisition extends business combination deadline to Feb 8, 2024; ~24.3M shares redeemed

Enphys Acquisition Corp.

Shareholders approved extension of business combination deadline from Oct 8, 2023 to Feb 8, 2024.
Founder Share Amendment approved, allowing Class B shares to convert 1:1 to Class A before closing.
Holders of 24,301,795 Class A shares exercised redemption rights in connection with the vote.
Sponsor to deposit up to $100,000 loan into trust account on October 10, 2023, for extension.

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

Enphys Acquisition Corp.: Amended memorandum and articles of association to extend business combination deadline from October 8, 2023 to February 8, 2024 (effective 2023-10-06).

Change: charter amendment
Effective: 2023-10-06

Exact text from the filing

At the Extraordinary General Meeting, the Company’s shareholders approved an amendment to the Company’s amended and restated memorandum and articles of association (the “Extension Amendment”) to extend the date by which the Company must consummate a business combination from October 8, 2023 to February 8, 2024 (the “Extended Date”) (the “Extension Amendment Proposal”).

View on SEC.gov

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Enphys Acquisition Corp.: Amended memorandum and articles of association to allow Class B shareholders to convert shares on a one-for-one basis before a business combination closing (effective 2023-10-06).

Change: charter amendment
Effective: 2023-10-06

Exact text from the filing

At the Extraordinary General Meeting, the Company’s shareholders also approved an amendment to the Company’s amended and restated memorandum and articles of association (the “Founder Share Amendment”) to provide for the right of a holder of the Company’s Class B ordinary shares, par value $0.0001 per share, to convert into Class A ordinary shares, par value $0.0001 per share, of the Company on a one-for-one basis prior to the closing of an initial business combination at the election of the holder (the “Founder Share Amendment Proposal”).

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Enphys Acquisition Corp. shareholders approved Extension Amendment to extend business combination deadline from October 8, 2023 to February 8, 2024 at the 2023-10-06 meeting.

Proposal: charter amendment
Outcome: passed
Meeting: 2023-10-06

Exact text from the filing

The Extension Amendment Proposal For Against Abstain 32,687,676 3 0

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Enphys Acquisition Corp. shareholders approved Founder Share Amendment to provide for conversion of Class B shares to Class A shares on a one-for-one basis prior to business combination closing at the 2023-10-06 meeting.

Proposal: charter amendment
Outcome: passed
Meeting: 2023-10-06

Exact text from the filing

The Founder Share Amendment Proposal For Against Abstain 32,677,676 3 10,000

View on SEC.gov

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Source: SEC EDGAR

accession 0001140361-23-047393

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