secwatch / observer
8-K filed June 5, 2023, 7:59 PM ET CIK 0001886268
other material confidence high sentiment neutral materiality 0.75

SHUAA Partners extends business combination deadline to Sep 4, 2023; holders redeem ~$87.9M, trust at ~$27.2M

SHUAA Partners 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

SHUAA Partners Acquisition Corp I: Amended articles to extend business combination deadline from June 4, 2023 to September 4, 2023 with option to further extend monthly up to June 4, 2024 (effective 2023-06-02).

Change
charter amendment
Effective
2023-06-02
Exact text from the filing
On June 1, 2023, the Company held the Extension Meeting to amend the Company’s amended and restated memorandum and articles of association (the “ Articles ”) to extend the date (the “ Termination Date ”) by which the Company has to consummate a business combination (the “ Articles Extension ”) from June 4, 2023 (the “ Original Termination Date ”) to September 4, 2023 (the “ Articles Extension Date ”) and to allow the Company, without another shareholder vote, to elect to extend the Termination Date to consummate a business combination on a monthly basis for up to nine times by an additional one month each time after the Articles Extension Date, by resolution of the Company’s board of directors if requested by the Sponsor, and upon five days’ advance notice prior to the applicable Termination Date, until June 4, 2024, or a total of up to twelve months after the Original Termination Date, unless the closing of the Company’s initial business combination shall have occurred prior to such d
View on SEC.gov
Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

SHUAA Partners Acquisition Corp I shareholders approved Extension Amendment Proposal at the 2023-06-01 meeting.

Proposal
charter amendment
Outcome
passed
Meeting
2023-06-01
Exact text from the filing
The voting results for the Extension Amendment Proposal were as follows: The Extension Amendment Proposal For Against Abstain 10,554,760 877,684 0
View on SEC.gov

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Source: SEC EDGAR
accession 0001193125-23-160710
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