secwatch.observer — SEC 8-K summary
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Issuer:     Leo Holdings Corp. II (—)
CIK:        0001824153
Form:       8-K
Filed at:   2023-10-18T23:59:59+00:00
Accession:  0001193125-23-258476
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.03, 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Leo Holdings shareholders approve extension to Oct 2024; sponsor provides up to $2.88M loan
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- Shareholders approved extending deadline from Oct 12, 2023 to Nov 12, 2023, plus up to 11 monthly extensions through Oct 12, 2024.
- Sponsor loaned $240K initial, up to $2.64M additional in monthly installments for trust; note is unsecured, non-interest bearing.
- Up to $1.5M of note convertible into warrants at $1.50/warrant, identical to private placement warrants issued at IPO.
- Holders of 586,767 Class A shares redeemed at ~$10.88/share for aggregate ~$6.39M.
- Voting: 12,263,621 for, 100 against on both proposals; quorum of 87.9% of voting power.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1824153/000119312523258476/0001193125-23-258476-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1824153/000119312523258476/d358883d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-258476

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