--- schema_version: "secwatch.filing_event.v1" accession: "0001193125-23-203886" form_type: "8-K" ticker: null cik: "0001827871" company_name: "Electriq Power Holdings, Inc." filed_at: "2023-08-04T23:59:59+00:00" generated_at: "2026-06-12T06:20:03.507972+00:00" event_type: "m_and_a" sentiment: "neutral" materiality_score: 0.9 calibrated_materiality_score: 0.9 confidence: "high" source: SEC EDGAR --- # Electriq Power completes merger with TLG; begins trading as ELIQ on NYSE ## Summary - On July 31, 2023, the merger closed; 29.9M Class A shares and 1.4M preferred shares issued to Electriq stockholders. - 7.7M public shares redeemed; post-closing 38.1M Class A shares and 2.6M preferred shares outstanding. - $3.0M prepayment shortfall under Forward Purchase Agreement with Meteora; up to $50M right of first refusal on future financings. - New board includes John Michael Lawrie (15.7% owner), Frank Magnotti, and others; ticker ELIQ starts Aug 1 on NYSE. - Registration rights and indemnification agreements entered; legacy Electriq holders may request underwritten offerings >$30M. ## SEC filing metadata - accession: 0001193125-23-203886 - form_type: 8-K - cik: 0001827871 - company_name: Electriq Power Holdings, Inc. - filed_at: 2023-08-04T23:59:59+00:00 - event_type: m_and_a - sentiment: neutral - materiality_score: 0.9 - calibrated_materiality_score: 0.9 - confidence: high - sec_items: 1.01, 2.01, 5.02, 9.01, 4.01, 3.03, 5.01, 5.03, 5.05, 5.06, 8.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1827871/000119312523203886/0001193125-23-203886-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1827871/000119312523203886/d538246d8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001193125-23-203886 - JSON: https://secwatch.observer/filing/0001193125-23-203886.json - Plain text: https://secwatch.observer/filing/0001193125-23-203886.txt ## Key facts - Governance Changes Electriq Power Holdings, Inc.: The Company Board approved and adopted the Amended and Restated Bylaws, effective as of the Effective Time (effective 2023-07-31). - Change: bylaw amendment - Effective: 2023-07-31 source text: On the Closing Date, the Company Board approved and adopted the Amended and Restated Bylaws of the Company (the “ Bylaws ”), effective as of the Effective Time. evidence_url: https://www.sec.gov/Archives/edgar/data/1827871/000119312523203886/0001193125-23-203886-index.htm - Governance Changes Electriq Power Holdings, Inc.: The Company Board adopted a new code of business conduct and ethics ('Code') effective July 31, 2023 (effective 2023-07-31). - Change: code of ethics - Effective: 2023-07-31 source text: In connection with the Closing of the Business Combination, on July 31, 2023 and effective as of such date, the Company Board adopted a new code of business conduct and ethics (the “ Code ”) applicable to the Company’s employees, officers and directors. evidence_url: https://www.sec.gov/Archives/edgar/data/1827871/000119312523203886/0001193125-23-203886-index.htm - Governance Changes Electriq Power Holdings, Inc.: TLG stockholders approved a new amended and restated certificate of incorporation ('New Charter') to replace the existing charter following the Business Combination (effective 2023-07-31). - Change: charter amendment - Effective: 2023-07-31 source text: TLG’s stockholders also approved a new amended and restated certificate of incorporation (“ New Charter ”) to replace TLG’s Amended and Restated Certificate of Incorporation (the “ Charter ”) following the consummation of the Business Combination. evidence_url: https://www.sec.gov/Archives/edgar/data/1827871/000119312523203886/0001193125-23-203886-index.htm - Governance Changes Electriq Power Holdings, Inc.: As a result of the Business Combination, TLG ceased being a shell company (effective 2023-07-31). - Change: shell status - Effective: 2023-07-31 source text: As a result of the Business Combination, TLG ceased being a shell company. evidence_url: https://www.sec.gov/Archives/edgar/data/1827871/000119312523203886/0001193125-23-203886-index.htm - Material Agreements Electriq Power Holdings, Inc. entered into Registration Rights Agreement with TLG, Sponsor, John Michael Lawrie, RBC and certain stockholders of Electriq valued at $30.0 million (effective 2023-07-31). - Action: entry - Counterparty: TLG, Sponsor, John Michael Lawrie, RBC and certain stockholders of Electriq - Value: $30.0 million - Effective: 2023-07-31 source text: On July 31, 2023, in connection with the Closing, TLG, Sponsor, John Michael Lawrie, RBC and certain stockholders of Electriq entered into an amended and restated registration rights agreement (the “ Registration Rights Agreement ”) evidence_url: https://www.sec.gov/Archives/edgar/data/1827871/000119312523203886/0001193125-23-203886-index.htm - Material Agreements Electriq Power Holdings, Inc. entered into Letter Agreement with Meteora Capital, LLC valued at $50.0 million (effective 2023-06-28). - Action: entry - Counterparty: Meteora Capital, LLC - Value: $50.0 million - Effective: 2023-06-28 source text: On June 28, 2023, TLG entered into a letter agreement (the “ Letter Agreement ”) with Meteora Capital, LLC (“ Meteora ”), pursuant to which Meteora has a right of first refusal to participate in future financings of TLG (excluding any equity line of credit arrangement) in an amount up to $50.0 million. evidence_url: https://www.sec.gov/Archives/edgar/data/1827871/000119312523203886/0001193125-23-203886-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.