secwatch.observer — SEC 8-K summary
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Issuer:     Abpro Holdings, Inc. (ABPO)
CIK:        0001893219
Form:       8-K
Filed at:   2023-04-18T23:59:59+00:00
Accession:  0001193125-23-105078
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 5.03, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SPAC Atlantic Coastal Acquisition II extends deadline to Oct 2023; 26.6M shares redeemed
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- Shareholders approved charter amendment extending business combination deadline from Apr 19, 2023 to Oct 19, 2023, with possible further extension to Dec 19, 2023.
- Holders of 26,564,308 public shares redeemed at ~$10.40 per share, reducing trust account.
- Sponsor entered non-redemption agreements for 3,325,900 shares; will transfer 831,475 sponsor shares post-business combination.
- Series B holders voluntarily converted 7,499,999 shares to Series A, with voting restrictions and no trust distribution rights.
- Post-conversion and redemptions, outstanding shares: 10,935,691 Series A and 1 Series B share.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1893219/000119312523105078/0001193125-23-105078-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1893219/000119312523105078/d450777d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-105078

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