secwatch.observer — SEC 8-K summary
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Issuer:     Enterprise 4.0 Technology Acquisition Corp (—)
CIK:        0001870925
Form:       8-K
Filed at:   2023-04-26T23:59:59+00:00
Accession:  0001193125-23-115977
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 1.01, 2.03, 3.02, 5.02, 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Enterprise 4.0 Technology extends deadline to Oct 2023; ~23.2M shares redeemed for $243.6M; CEO/directors resign
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1870925/000119312523115977/0001193125-23-115977-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1870925/000119312523115977/d499296d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-115977

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer