8-K
filed February 28, 2023, 6:59 PM ET
CIK 0001846968
other material
confidence high
sentiment negative
materiality 0.90
Cascadia Acquisition Corp. shareholders approve extension to Aug 31, 2023; 14.7M shares redeemed
Cascadia Acquisition Corp.
- Extension of business combination deadline to August 31, 2023 approved by 14,785,214 votes for, 202 against.
- 14,710,805 shares of Class A common stock tendered for redemption, representing ~78.5% of outstanding shares.
- Also approved amendment to expand methods to avoid SEC penny stock rules (14,785,714 for, 202 against).
- Adjournment proposal approved with 14,782,439 votes for, 3,477 against.
- Redemption of 14.7M shares significantly reduces trust available for future business combination.
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
Cascadia Acquisition Corp.: Amended Amended and Restated Certificate of Incorporation to extend business combination deadline to August 31, 2023 and to expand methods to avoid penny stock rules (effective 2023-02-27).
- Change
- charter amendment
- Effective
- 2023-02-27
Exact text from the filing
filed an amendment to its Amended and Restated Certificate of Incorporation with the Secretary of State of the State of Delaware on February 27, 2023 (the “ Charter Amendment ”), to (i) extend the date by which Cascadia has to consummate a business combination to August 31, 2023 and (ii) expand the methods that Cascadia may employ to not become subject to the “penny stock” rules of the Securities and Exchange Commission (the “ SEC ”).
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Cascadia Acquisition Corp. shareholders approved Extension Amendment Proposal to extend the date to consummate a business combination to August 31, 2023 at the 2023-02-22 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2023-02-22
Exact text from the filing
1. Extension Amendment Proposal Stockholders approved the proposal to amend Cascadia’s Amended and Restated Certificate of Incorporation to extend the date by which Cascadia must consummate a business combination to August 31, 2023 (the “ Extension Amendment Proposal ”). Adoption of the Extension Amendment Proposal required approval by the affirmative vote of at least a 65% Cascadia’s outstanding shares of common stock. The voting results were as follows: FOR AGAINST ABSTAIN BROKER NON- VOTES 14,785,214 202 54,487 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Cascadia Acquisition Corp. shareholders approved NTA Requirement Amendment Proposal to expand methods to avoid penny stock rules at the 2023-02-22 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2023-02-22
Exact text from the filing
2. NTA Requirement Amendment Proposal Stockholders approved the proposal to amend Cascadia’s Amended and Restated Certificate of Incorporation to expand the methods that Cascadia may employ to not become subject to the “penny stock” rules of the SEC (the “ NTA Requirement Amendment Proposal ”). Adoption of the NTA Requirement Amendment Proposal required approval by the affirmative vote of at least a 65% Cascadia’s outstanding shares of common stock. The voting results were as follows: FOR AGAINST ABSTAIN BROKER NON- VOTES 14,785,714 202 53,987 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Cascadia Acquisition Corp. shareholders approved Adjournment Proposal to allow chairperson to adjourn Special Meeting to permit further solicitation of proxies at the 2023-02-22 meeting.
- Outcome
- passed
- Meeting
- 2023-02-22
Exact text from the filing
3. Adjournment Proposal Stockholders approved the proposal to allow the chairperson of the Special Meeting to adjourn the Special Meeting to a later date or dates to permit further solicitation of proxies or if otherwise determined by the chairperson of the Special Meeting to be necessary or appropriate (the “ Adjournment Proposal ”). Adoption of the Adjournment Proposal required approval by the affirmative vote of at least a majority of Cascadia’s outstanding shares represented by virtual attendance or by proxy and entitled to vote thereon at the Special Meeting. The voting results were as follows: FOR AGAINST ABSTAIN BROKER NON- VOTES 14,782,439 3,477 53,987 0
View on SEC.gov
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