--- schema_version: "secwatch.filing_event.v1" accession: "0001193125-23-115977" form_type: "8-K" ticker: null cik: "0001870925" company_name: "Enterprise 4.0 Technology Acquisition Corp" filed_at: "2023-04-26T23:59:59+00:00" generated_at: "2026-06-16T13:43:21.543828+00:00" event_type: "other_material" sentiment: "negative" materiality_score: 0.7 calibrated_materiality_score: 0.7 confidence: "high" source: SEC EDGAR --- # Enterprise 4.0 Technology extends deadline to Oct 2023; ~23.2M shares redeemed for $243.6M; CEO/directors resign ## Summary - Shareholders approved extension of business combination deadline from April 21 to October 21, 2023. - Holders of 23,233,981 Class A shares redeemed for ~$10.49/share, total ~$243.6M. - Sponsor issued up to $900K promissory note to fund monthly deposits into trust account for extension. - Alex Vieux and Steven Fletcher resigned as directors and co-CEOs/CFOs; new board appointed with Ross Haghighat as CEO/CFO. - Sponsor converted 7,499,999 Class B shares to Class A shares. ## SEC filing metadata - accession: 0001193125-23-115977 - form_type: 8-K - cik: 0001870925 - company_name: Enterprise 4.0 Technology Acquisition Corp - filed_at: 2023-04-26T23:59:59+00:00 - event_type: other_material - sentiment: negative - materiality_score: 0.7 - calibrated_materiality_score: 0.7 - confidence: high - sec_items: 1.01, 2.03, 3.02, 5.02, 5.03, 5.07, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1870925/000119312523115977/0001193125-23-115977-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1870925/000119312523115977/d499296d8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001193125-23-115977 - JSON: https://secwatch.observer/filing/0001193125-23-115977.json - Plain text: https://secwatch.observer/filing/0001193125-23-115977.txt ## Key facts - Executive change Glen Giovannetti was appointed as Class III director at Enterprise 4.0 Technology Acquisition Corp. - Action: appointed - Role: Class III director source text: On April 7, 2023, the Board appointed Louis G. Lange and Ross Haghighat as the Class I directors, Ronald Eastman as the Class II director and Glen Giovannetti as the Class III director of the Company evidence_url: https://www.sec.gov/Archives/edgar/data/1870925/000119312523115977/0001193125-23-115977-index.htm - Executive change Ross Haghighat was appointed as Class I director at Enterprise 4.0 Technology Acquisition Corp. - Action: appointed - Role: Class I director source text: On April 7, 2023, the Board appointed Louis G. Lange and Ross Haghighat as the Class I directors, Ronald Eastman as the Class II director and Glen Giovannetti as the Class III director of the Company evidence_url: https://www.sec.gov/Archives/edgar/data/1870925/000119312523115977/0001193125-23-115977-index.htm - Executive change Ross Haghighat was appointed as Chief Executive Officer and Chief Financial Officer at Enterprise 4.0 Technology Acquisition Corp. - Action: appointed - Role: Chief Executive Officer and Chief Financial Officer source text: Mr. Haghighat was also appointed as the Company’s Chief Executive Officer and Chief Financial Officer to take effect simultaneous with the effectiveness of his appointment as a Class I director evidence_url: https://www.sec.gov/Archives/edgar/data/1870925/000119312523115977/0001193125-23-115977-index.htm - Executive change Louis G. Lange was appointed as Class I director at Enterprise 4.0 Technology Acquisition Corp. - Action: appointed - Role: Class I director source text: On April 7, 2023, the Board appointed Louis G. Lange and Ross Haghighat as the Class I directors, Ronald Eastman as the Class II director and Glen Giovannetti as the Class III director of the Company evidence_url: https://www.sec.gov/Archives/edgar/data/1870925/000119312523115977/0001193125-23-115977-index.htm - Executive change Alex Vieux resigned as Co-Chief Executive Officer and Co-Chief Financial Officer at Enterprise 4.0 Technology Acquisition Corp. - Action: resigned - Role: Co-Chief Executive Officer and Co-Chief Financial Officer source text: on April 7, 2023, the Company received the contingent resignations of Alex Vieux and Steven Fletcher as directors of the Company and as Co-Chief Executive Officers and Co-Chief Financial officers of the Company to take effect immediately upon the filing of the Charter Amendment evidence_url: https://www.sec.gov/Archives/edgar/data/1870925/000119312523115977/0001193125-23-115977-index.htm - Executive change Ronald Eastman was appointed as Class II director at Enterprise 4.0 Technology Acquisition Corp. - Action: appointed - Role: Class II director source text: On April 7, 2023, the Board appointed Louis G. Lange and Ross Haghighat as the Class I directors, Ronald Eastman as the Class II director and Glen Giovannetti as the Class III director of the Company evidence_url: https://www.sec.gov/Archives/edgar/data/1870925/000119312523115977/0001193125-23-115977-index.htm - Executive change Steven Fletcher resigned as Co-Chief Executive Officer and Co-Chief Financial Officer at Enterprise 4.0 Technology Acquisition Corp. - Action: resigned - Role: Co-Chief Executive Officer and Co-Chief Financial Officer source text: on April 7, 2023, the Company received the contingent resignations of Alex Vieux and Steven Fletcher as directors of the Company and as Co-Chief Executive Officers and Co-Chief Financial officers of the Company to take effect immediately upon the filing of the Charter Amendment evidence_url: https://www.sec.gov/Archives/edgar/data/1870925/000119312523115977/0001193125-23-115977-index.htm - Governance Changes Enterprise 4.0 Technology Acquisition Corp: Amended the Amended and Restated Memorandum and Articles of Association to extend the business combination deadline from April 21, 2023 to October 21, 2023 and to provide Class B ordinary shares with one-for-one conversion rights into Class A ordinary shares at any time prior to the initial business (effective 2023-04-21). - Change: charter amendment - Effective: 2023-04-21 source text: On April 20, 2023, the Company held an extraordinary general meeting of shareholders. At the Meeting, the Company’s shareholders approved an amendment to the Company’s Amended and Restated Memorandum and Articles of Association (the “ Charter Amendment ”) to (i) extend the date by which the Company must consummate its initial Business Combination from April 21, 2023 to October 21, 2023 (or such earlier date as determined by the Board) (the “ Extension Amendment Proposal ”) and (ii) provide for the right of a holder of Class B Ordinary Shares to convert such shares into Class A Ordinary Shares on a one-for-one basis at any time prior to the closing of the Initial Business Combination at the option of a holder of Class B Ordinary Shares (the “ Founder Share Amendment Proposal ”). The Company filed the Charter Amendment with the Secretary of State of the State of Delaware on April 21, 2023. evidence_url: https://www.sec.gov/Archives/edgar/data/1870925/000119312523115977/0001193125-23-115977-index.htm - Material Agreements Enterprise 4.0 Technology Acquisition Corp entered into Note with ENT4.0 Technology Sponsor LLC valued at up to $900,000 (effective 2023-04-20). - Action: entry - Agreement: credit facility - Counterparty: ENT4.0 Technology Sponsor LLC - Value: up to $900,000 - Effective: 2023-04-20 source text: Following the approval of the Extension Amendment Proposal (as defined below), on April 20, 2023, Enterprise 4.0 Technology Acquisition Corp., a Cayman Islands exempted company (the “ Company ”), issued a promissory note (the “ Note ”) in the aggregate principal amount of up to $900,000 to ENT4.0 Technology Sponsor LLC, a Cayman Islands limited liability company (the “ Sponsor ”), pursuant to which the Sponsor agreed to loan to the Company up to $900,000 (the “ Extension Funds ”) to deposit into the Company’s trust account evidence_url: https://www.sec.gov/Archives/edgar/data/1870925/000119312523115977/0001193125-23-115977-index.htm - Shareholder Votes Enterprise 4.0 Technology Acquisition Corp shareholders approved Founder Share Amendment Proposal. - Proposal: charter amendment - Outcome: passed source text: The Founder Share Amendment Proposal – a proposal to amend the Amended and Restated Memorandum and Articles of Association to provide for the right of a holder of Class B Ordinary Shares to convert such shares into Class A Ordinary Shares on a one-for-one basis at any time prior to the closing of the Initial Business Combination at the option of a holder of Class B Ordinary Shares. The following is a tabulation of the votes with respect to this proposal, which was approved by the Company’s shareholders: For Against Abstain 27,552,934 31,102 2,000 evidence_url: https://www.sec.gov/Archives/edgar/data/1870925/000119312523115977/0001193125-23-115977-index.htm - Shareholder Votes Enterprise 4.0 Technology Acquisition Corp shareholders approved Auditor Ratification Proposal at the 2023-12-31 meeting. - Proposal: auditor ratification - Outcome: passed - Meeting: 2023-12-31 source text: The Auditor Ratification Proposal – a proposal to ratify the selection by the Company’s Audit Committee of WithumSmith+Brown, PC to serve as our independent registered public accounting firm for the year ending December 31, 2023. The following is a tabulation of the votes with respect to this proposal, which was approved by the Company’s shareholders: For Against Abstain 27,552,934 31,102 2,000 evidence_url: https://www.sec.gov/Archives/edgar/data/1870925/000119312523115977/0001193125-23-115977-index.htm - Shareholder Votes Enterprise 4.0 Technology Acquisition Corp shareholders approved Extension Amendment Proposal at the 2023-04-21 meeting. - Proposal: charter amendment - Outcome: passed - Meeting: 2023-04-21 source text: The Extension Amendment Proposal – a proposal to amend the Company’s Amended and Restated Memorandum and Articles of Association to extend the date by which the Company must consummate its initial Business Combination from April 21, 2023 to October 21, 2023 (or such earlier date as determined by the Board). The following is a tabulation of the votes with respect to this proposal, which was approved by the Company’s shareholders: For Against Abstain 27,552,934 31,102 2,000 evidence_url: https://www.sec.gov/Archives/edgar/data/1870925/000119312523115977/0001193125-23-115977-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.