Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
Berenson Acquisition Corp. I incurred loan of up to $750,000 with Berenson SPAC Holdings I, LLC (Sponsor) at 0% maturing the date on which the Company consummates its initial business combination.
- Instrument
- loan
- Principal
- up to $750,000
- Counterparty
- Berenson SPAC Holdings I, LLC (Sponsor)
- Rate
- 0%
- Maturity
- the date on which the Company consummates its initial business combination
- Event
- incurrence
Exact text from the filing
On September 26, 2023, Berenson Acquisition Corp. I (the "Company") issued an unsecured promissory note (the "Note") in the principal amount of up to $750,000 to Berenson SPAC Holdings I, LLC (the "Sponsor"), the Company's sponsor, which may be drawn down from time to time prior to the Maturity Date (defined below) upon request by the Company. The Note does not bear interest and the principal balance will be payable on the date on which the Company consummates its initial business combination (such date, the "Maturity Date").
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Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.95
Berenson Acquisition Corp. I: Extended the deadline to consummate a business combination from September 30, 2023 to September 30, 2024 (effective 2023-09-28).
- Change
- charter amendment
- Effective
- 2023-09-28
Exact text from the filing
on September 28, 2023, the Company filed with the Secretary of State of the State of Delaware a certificate of amendment to its amended and restated certificate of incorporation (the “Charter”) which became effective upon filing.
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Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
Berenson Acquisition Corp. I shareholders approved approve charter amendment to extend deadline to consummate business combination at the 2023-09-27 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2023-09-27
Exact text from the filing
On September 27, 2023, the Company held a special meeting of stockholders (the “Meeting”). At the Meeting, the stockholders approved a proposal to amend the Company’s Charter to extend the date by which the Company has to consummate a business combination (the “Extension”) from September 30, 2023 to September 30, 2024 or such earlier date as determined by the Company’s board of directors (the “Charter Amendment Proposal”).
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