secwatch.observer — SEC 8-K summary
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Issuer:     Integral Acquisition Corp 1 (—)
CIK:        0001850262
Form:       8-K
Filed at:   2023-11-08T23:59:59+00:00
Accession:  0001193125-23-273650
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 3.02, 5.03, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SPAC Integral Acquisition Corp 1 extends deadline to Nov 2024; $19.8M redeemed
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- Stockholders approved extension of business combination deadline from Nov 3, 2023 to Nov 5, 2024.
- In connection with approval, 1,831,599 public shares redeemed at ~$10.79 per share for ~$19.76M.
- Sponsor converted 2,874,999 Class B shares to Class A, now holds ~70.6% of outstanding Class A.
- Company issued up to $359,503 promissory note to sponsor to fund monthly trust deposits for extension.
- Trust investments liquidated into interest-bearing account at JPMorgan Chase pending business combination.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1850262/000119312523273650/0001193125-23-273650-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1850262/000119312523273650/d580587d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-273650

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