Golden Falcon stockholders approve extension to July 24; 3.13M shares redeemed for cash

Golden Falcon Acquisition Corp.

Stockholders approved charter amendment to extend business combination deadline from June 22 to July 24, 2023, with potential further extend to Aug 24 by board.
Holders of 3,130,990 shares of Class A common stock exercised redemption rights for cash in connection with the extension.
84.48% of shares represented at special meeting; vote was 10,840,071 for, 1,601 against, 0 abstain.

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

Golden Falcon Acquisition Corp.: Approved and filed certificate of amendment to extend the business combination deadline from June 22, 2023 to July 24, 2023, with potential further extension to August 24, 2023 (effective 2023-06-22).

Change: charter amendment
Effective: 2023-06-22

Exact text from the filing

The stockholders approved the proposal to amend the Company’s Charter, in the form set forth as Annex A to the proxy statement (the “Charter Amendment”), to extend the date by which the Company has to consummate a business combination (the “Extension”) from June 22, 2023 to July 24, 2023, and to allow the Company, if needed, without another stockholder vote, upon request by Golden Falcon Sponsor Group, LLC and approval by the Company’s board of directors (the “Board”), to further extend the date by which the Company has to consummate a business combination from July 24, 2023 to August 24, 2023, or such earlier date as determined by the Board (such date actually extended being referred to as the “Extended Date”).

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Golden Falcon Acquisition Corp. shareholders approved Amend the Company's Charter to extend the date to consummate a business combination from June 22, 2023 to July 24, 2023, and allow further extension to August 24, 2023 at the 2023-06-22 meeting.

Proposal: charter amendment
Outcome: passed
Meeting: 2023-06-22

Exact text from the filing

The stockholders approved the proposal to amend the Company’s Charter, in the form set forth as Annex A to the proxy statement (the “Charter Amendment”), to extend the date by which the Company has to consummate a business combination (the “Extension”) from June 22, 2023 to July 24, 2023, and to allow the Company, if needed, without another stockholder vote, upon request by Golden Falcon Sponsor Group, LLC and approval by the Company’s board of directors (the “Board”), to further extend the date by which the Company has to consummate a business combination from July 24, 2023 to August 24, 2023, or such earlier date as determined by the Board (such date actually extended being referred to as the “Extended Date”). The voting results were as follows: FOR AGAINST ABSTAIN BROKER NON-VOTES 10,840,071 1,601 0 0

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Source: SEC EDGAR

accession 0001193125-23-177491

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