secwatch / observer
8-K filed April 20, 2023, 7:59 PM ET CIK 0001848821
other material confidence high sentiment negative materiality 0.85

GTAC shareholders approve extension to April 2024; 89.55% of Class A shares redeemed

Global Technology Acquisition Corp. I

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

Global Technology Acquisition Corp. I: Amended and restated the memorandum and articles of association to extend the deadline to complete an initial business combination from April 25, 2023 to April 25, 2024 or October 25, 2024, subject to conditions (effective 2023-04-14).

Change
charter amendment
Effective
2023-04-14
Exact text from the filing
On April 14, 2023, to effectuate the Extension, GTAC filed with the Cayman Islands Registrar of Companies the Second Amended and Restated Memorandum and Articles of Association of GTAC (the “Second A&R Charter”).
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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Global Technology Acquisition Corp. I shareholders approved To amend and restate the Amended and Restated Memorandum and Articles of Association to extend the date by which the company must consummate a business combination from April 25, 2023 to April 25, 2024 or October 25, 2024. at the 2023-04-14 meeting.

Proposal
charter amendment
Outcome
passed
Meeting
2023-04-14
Exact text from the filing
The Shareholders approved, by special resolution, the proposal to amend and restate GTAC’s Amended and Restated Memorandum and Articles of Association, in the form set forth in Annex A of the proxy statement, to extend the date by which GTAC must (1) consummate a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination (an “initial business combination”), (2) cease its operations except for the purpose of winding up if it fails to complete such initial business combination, and (3) redeem all of the Class A Ordinary Shares, included as part of the units sold in GTAC’s initial public offering that was consummated on October 25, 2021 (the “IPO”), from April 25, 2023 to April 25, 2024 or to October 25, 2024 at the election of GTAC in two separate three-month extensions subject to satisfaction of certain conditions, including the deposit of up to $2,000,000 ($0.10 per unit in each case) for each three-month extension, into the trust account
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Source: SEC EDGAR
accession 0001193125-23-108326
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