Berenson Acquisition Corp. I extends deadline to Sept 30, 2023; $253M redeemed, trust drops to $26.6M

Berenson Acquisition Corp. I

Stockholders approved extension of business combination deadline from March 30, 2023 to September 30, 2023.
Holders of 24,899,629 Class A shares redeemed at ~$10.18/share, totaling ~$253.4 million.
Trust account reduced from $275.1M to approximately $26.6M after redemptions.
As of March 28, 2023, there are 30,490,000 Class A and 3,897,500 Class B shares outstanding.

item 1.01 item 5.07 item 5.03 item 8.01 item 9.01

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

Berenson Acquisition Corp. I: Amended charter to extend business combination deadline from March 30, 2023 to September 30, 2023 (effective 2023-03-28).

Change: charter amendment
Effective: 2023-03-28

Exact text from the filing

on March 28, 2023, the Company filed with the Secretary of State of the State of Delaware a certificate of amendment of its amended and restated certificate of incorporation (the “Charter”) which became effective upon filing.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Berenson Acquisition Corp. I amended Trust Agreement with Continental Stock Transfer & Trust Company (effective 2023-03-28).

Action: amendment
Counterparty: Continental Stock Transfer & Trust Company
Effective: 2023-03-28

Exact text from the filing

on March 28, 2023, Berenson Acquisition Corp. I (the “Company”) and Continental Stock Transfer & Trust Company entered into an amendment to the Investment Management Trust Agreement, dated September 27, 2021, by and between Continental Stock Transfer & Trust Company and the Company (the “Trust Agreement”)

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Berenson Acquisition Corp. I shareholders approved Amend the Trust Agreement to change the date on which the trustee must commence liquidation of the trust account consistent with the Charter Amendment at the 2023-03-28 meeting.

Proposal: charter amendment
Outcome: passed
Meeting: 2023-03-28

Exact text from the filing

Trust Amendment Proposal The Trust Amendment Proposal was approved. The voting results of the shares of the Company's Class A common stock were as follows: For Against Abstentions Broker Non-Votes 27,032,638 0 0 0

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Berenson Acquisition Corp. I shareholders approved Amend the Company's Charter to extend the date by which the Company has to consummate a business combination from March 30, 2023 to September 30, 2023 at the 2023-03-28 meeting.

Proposal: charter amendment
Outcome: passed
Meeting: 2023-03-28

Exact text from the filing

Charter Amendment Proposal The Charter Amendment Proposal was approved. The voting results of the shares of the Company's common stock were as follows: For Against Abstentions Broker Non-Votes 27,032,638 0 0 0

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Source: SEC EDGAR

accession 0001193125-23-085791

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