secwatch.observer — SEC 8-K summary
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Issuer:     ALSP Orchid Acquisition Corp I (—)
CIK:        0001883962
Form:       8-K
Filed at:   2023-02-23T23:59:59+00:00
Accession:  0001193125-23-046826
Event type: other_material
Sentiment:  negative
Materiality: 0.90
Item codes: 5.03, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ALSP Orchid extends business combination deadline to Aug 2023; ~$157.7M redeemed by shareholders
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- Shareholders approved extension of business combination deadline from Feb 23, 2023 to Aug 23, 2023.
- Holders of 15,253,673 shares redeemed for cash at ~$10.33/share, total ~$157.7M.
- Redemption represents a significant portion of shares, depleting trust account substantially.
- Company remains a SPAC with no business combination consummated as of filing date.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1883962/000119312523046826/0001193125-23-046826-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1883962/000119312523046826/d443223d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-046826

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