secwatch.observer — SEC 8-K summary
======================================

Issuer:     TortoiseEcofin Acquisition Corp. III (—)
CIK:        0001847112
Form:       8-K
Filed at:   2023-10-24T23:59:59+00:00
Accession:  0001193125-23-260926
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 1.01, 2.03, 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SPAC shareholders approve extension to Apr 2024; 17.2M shares redeemed for $180.9M
--------------------------------------------------------------------------------

- 17,235,298 public shares redeemed at ~$10.49/share, removing ~$180.9M from trust.
- Extension amendment approved: deadline moved from Oct 22, 2023 to Apr 22, 2024 (up to 6 months).
- Sponsor issued up to $1,553,823 promissory note to fund monthly deposits of $258,970.53 into trust.
- Note is non-interest bearing, repayable upon business combination or liquidation.
- Thomas D. Hennessy re-elected as Class I director; Withum ratified as auditor for FY2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1847112/000119312523260926/0001193125-23-260926-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1847112/000119312523260926/d519183d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-260926

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer