8-K
filed February 12, 2024, 6:59 PM ET
CIK 0001857803
other material
confidence high
sentiment neutral
materiality 0.55
DP Cap Acquisition Corp I shareholders approve extension to Nov 2024; $27.9M redeemed
DP Cap Acquisition Corp I
- Shareholders approved extension of business combination deadline from Feb 12, 2024 to Nov 12, 2024.
- Holders of 2,559,402 Class A shares redeemed for ~$10.91/share, aggregate ~$27.9M.
- Sponsor will deposit $49,950 monthly into trust until business combination or Nov 12, 2024.
- Class B shareholders converted 5,749,997 shares to Class A with no redemption rights.
- After redemptions and conversion, 7,249,997 Class A shares outstanding; 1,500,000 with redemption rights.
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
DP Cap Acquisition Corp I: Filing of Third Amended and Restated Memorandum and Articles of Association to extend business combination deadline from February 12, 2024 to November 12, 2024 (effective 2024-02-09).
- Change
- charter amendment
- Effective
- 2024-02-09
Exact text from the filing
On February 9, 2024, to effectuate the Extension, the Company filed with the Cayman Islands Registrar of Companies the Third Amended and Restated Memorandum and Articles of Association of the Company (the “Third A&R Charter”).
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
DP Cap Acquisition Corp I shareholders approved Approval of extension of business combination deadline from February 12, 2024 to November 12, 2024 at the 2024-02-08 meeting.
- Proposal
- merger approval
- Outcome
- passed
- Meeting
- 2024-02-08
Exact text from the filing
The Shareholders approved, by special resolution, the proposal to amend and restate the Company’s Second Amended and Restated Memorandum and Articles of Association in the form set forth in Annex A of the proxy statement to extend the date by which the Company must (1) consummate a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination (an “initial business combination”), (2) cease its operations except for the purpose of winding up if it fails to complete such initial business combination, and (3) redeem all of the Class A Ordinary Shares included as part of the units sold in the Company’s initial public offering, from February 12, 2024 to November 12, 2024 (the “Extended Date” or the “Extension,” and such proposal, the “Extension Proposal”).
View on SEC.gov
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