secwatch.observer — SEC 8-K summary
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Issuer:     DP Cap Acquisition Corp I (—)
CIK:        0001857803
Form:       8-K
Filed at:   2024-02-12T23:59:59+00:00
Accession:  0001140361-24-006889
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.03, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

DP Cap Acquisition Corp I shareholders approve extension to Nov 2024; $27.9M redeemed
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1857803/000114036124006889/0001140361-24-006889-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1857803/000114036124006889/ef20021277_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-006889

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