secwatch / observer
8-K filed February 16, 2023, 6:59 PM ET CIK 0001868775
M&A confidence high sentiment neutral materiality 0.80

SPAC A SPAC I Acquisition Corp. signs $50M merger agreement with NewGenIvf; extends deadline to Oct 2023

ASPAC I Acquisition Corp.

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

ASPAC I Acquisition Corp.: Amended and restated memorandum and articles of association to extend business combination deadline up to eight times from February 17, 2023 to October 17, 2023 (effective 2023-02-14).

Change
charter amendment
Effective
2023-02-14
Exact text from the filing
On February 14, 2023, following the shareholder approval, the Parent filed the Amended and Restated Memorandum and Articles of Association with the British Virgin Islands Registrar of Corporate Affairs on the same day, giving it the right to extend the date by which it has to complete a business combination up to eight (8) times for an additional one (1) month each time, from February 17, 2023 to October 17, 2023.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

ASPAC I Acquisition Corp. entered into Merger Agreement with NewGenIvf Limited valued at aggregate consideration of $50,000,000 paid entirely in stock comprised of newly issued Class A ordi (effective 2023-02-15).

Action
entry
Agreement
merger
Counterparty
NewGenIvf Limited
Value
aggregate consideration of $50,000,000 paid entirely in stock comprised of newly issued Class A ordi
Effective
2023-02-15
Exact text from the filing
On February 15, 2023, A SPAC I Acquisition Corp., a British Virgin Islands business company (the “ Parent ”), NewGenIvf Limited, a Cayman Islands exempted company (the “ Company ” or “ NewGen ”), certain shareholders of the Company (each, a “ Principal Shareholder ” and collectively, the “ Principal Shareholders ”), A SPAC I Mini Acquisition Corp., a British Virgin Islands business company (the “ Purchaser ”), and A SPAC I Mini Sub Acquisition Corp., a Cayman Islands exempted company and wholly-owned subsidiary of the Purchaser (the “ Merger Sub ”), entered into a Merger Agreement (the “ Merger Agreement ”).
View on SEC.gov
Shareholder Votes SEC 8-K Item 5.07 confidence 0.95

ASPAC I Acquisition Corp. shareholders approved Amend and restate memorandum and articles to extend business combination deadline at the 2023-02-17 meeting.

Proposal
charter amendment
Outcome
passed
Meeting
2023-02-17
Exact text from the filing
On the Adjourned Meeting Date, shareholders approved the proposal to amend and restate the Parent’s amended and restated memorandum and articles of association, allow the Parent to extend the date by which it has to complete a business combination up to eight (8) times for an additional one (1) month each time from February 17, 2023 to October 17, 2023. Adoption of the Charter Amendment required approval by the majority of the ordinary shares represented by virtual attendance or by proxy which were present at the Extraordinary Meeting and were voted. The voting results were as follows: FOR AGAINST ABSTAIN BROKER NON-VOTES 7,475,525 120,662 0 0
View on SEC.gov
Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

ASPAC I Acquisition Corp. shareholders approved Adjournment of extraordinary meeting.

Outcome
passed
Exact text from the filing
On the Original Meeting Date, the shareholders of the Parent voted to adjourn the Extraordinary Meeting until the Adjourned Meeting Date. The voting results for the adjournment proposal were as follows: FOR AGAINST ABSTAIN BROKER NON-VOTES 7,474,051 122,036 0 0
View on SEC.gov

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Source: SEC EDGAR
accession 0001213900-23-012495
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