secwatch / observer
8-K filed October 18, 2023, 7:59 PM ET CIK 0001824153
other material confidence high sentiment neutral materiality 0.70

Leo Holdings Corp. II: debt financing — Leo Holdings shareholders approve extension to Oct 2024; sponsor provides up to $2.88M loan

Leo Holdings Corp. II

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

Leo Holdings Corp. II incurred loan of up to $2,880,000 with Leo Investors II Limited Partnership at does not bear interest maturing upon closing of the Company’s initial business combination.

Instrument
loan
Principal
up to $2,880,000
Counterparty
Leo Investors II Limited Partnership
Rate
does not bear interest
Maturity
upon closing of the Company’s initial business combination
Event
incurrence
Exact text from the filing
on October 16, 2023, the Company issued an unsecured promissory note in the total principal amount of up to $2,880,000 (the “Promissory Note”) to the Sponsor and the Sponsor has funded the initial principal amount of $240,000. The Promissory Note does not bear interest and matures upon closing of the Company’s initial business combination.
View on SEC.gov
Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Leo Holdings Corp. II: Amended memorandum and articles to extend business combination deadline from October 12, 2023 to up to October 12, 2024, on a monthly basis, and to remove the redemption limitation on net tangible assets (effective 2023-10-12).

Change
charter amendment
Effective
2023-10-12
Exact text from the filing
On October 12, 2023, Leo held the Extension Meeting, to amend Leo’s memorandum and articles of association (the “Articles Amendment”) to (i) extend the date (the “Termination Date”) by which Leo has to consummate a business combination from October 12, 2023 (the “Original Termination Date”) to November 12, 2023 (the “Articles Extension Date”) and to allow Leo, without another shareholder vote, to elect to extend the Termination Date to consummate a business combination on a monthly basis for up to eleven times by an additional one month each time after the Articles Extension Date, by resolution of Leo’s board of directors if requested by Leo Investors II Limited Partnership, a Cayman Islands exempted limited partnership, and upon five days’ advance notice prior to the applicable deadlines, until October 12, 2024, or a total of up to twelve months after the Original Termination Date, unless the closing of an initial business combination shall have occurred prior thereto (the “Extension
View on SEC.gov
Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Leo Holdings Corp. II shareholders approved Redemption Limitation Amendment Proposal at the 2023-10-12 meeting.

Proposal
charter amendment
Outcome
passed
Meeting
2023-10-12
Exact text from the filing
The Redemption Limitation Amendment Proposal For Against Abstain 12,263,621 100 0
View on SEC.gov
Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Leo Holdings Corp. II shareholders approved Extension Amendment Proposal at the 2023-10-12 meeting.

Proposal
charter amendment
Outcome
passed
Meeting
2023-10-12
Exact text from the filing
The Extension Amendment Proposal For Against Abstain 12,263,621 100 0
View on SEC.gov

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Source: SEC EDGAR
accession 0001193125-23-258476
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