8-K
filed February 10, 2023, 6:59 PM ET
CIK 0001914023
other material
confidence high
sentiment negative
materiality 0.60
Acri Capital shareholders approve charter amendment raising monthly extension deposit; ~46% of shares redeemed
Acri Capital Acquisition Corp
- Shareholders approved raising monthly extension deposit to $0.0625/share from $0.0333 for up to nine months if deal not closed by March 14, 2023.
- In connection with the vote, 4,981,306 shares of Class A common stock were redeemed, representing about 46% of outstanding shares.
- Amendment filed with Delaware Secretary of State on Feb 9, 2023, effective immediately.
- Special meeting held Feb 8, 2023; 90.11% of shares represented; vote 8,416,678 for, 1,297,309 against, 850 abstain.
Key facts
Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Acri Capital Acquisition Corp: Amended the charter to increase the monthly extension payment from $0.0333 per public share to $0.0625 per public share for up to nine months if the business combination is not consummated by March 14, 2023 (effective 2023-02-09).
- Change
- charter amendment
- Effective
- 2023-02-09
Exact text from the filing
On February 8, Acri Capital Acquisition Corporation (the “Company”) held a special meeting of stockholders (the “Special Meeting”). At the Special Meeting, the stockholders of the Company approved the proposal to amend Company’s amended and restated certificate of incorporation (“Charter”) to amend the amount of monthly deposit (each, a “Monthly Extension Payment”) required to be deposited in the trust account (the “Trust Account”) from $0.0333 for each public share to $0.0625 for each public share for up to nine (9) times if the Company has not consummated its initial business combination by March 14, 2023 (the nine (9) month anniversary of the closing of its initial public offering) (the “Extension Amendment Proposal”). Upon the stockholders’ approval, on February 9, 2023, the Company filed a certificate of amendment to the Charter which became effective upon filing.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Acri Capital Acquisition Corp shareholders approved The stockholders approved the proposal to amend the Company's Charter to amend Monthly Extension Payment required to be deposited in the Trust Account from $0.0333 for each public share to $0.0625 for each public share for up to nine (9) times if the Company has not consummated its initial business at the 2023-03-14 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2023-03-14
Exact text from the filing
The final results for the matter submitted to a vote of the Company's stockholders at the special meeting are as follows: 1. The Extension Amendment Proposal The stockholders approved the proposal to amend the Company's Charter to amend Monthly Extension Payment required to be deposited in the Trust Account from $0.0333 for each public share to $0.0625 for each public share for up to nine (9) times if the Company has not consummated its initial business combination by March 14, 2023 (the nine (9) month anniversary of the closing of its initial public offering). The voting results were as follows: FOR AGAINT ABSTAIN 8,416,678 1,297,309 850
View on SEC.gov
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