secwatch / observer
8-K filed March 3, 2023, 6:59 PM ET CIK 0001819498
other material confidence high sentiment negative materiality 0.85

Twelve Seas SPAC extends deadline to Dec 2023; ~$318M redeemed, trust nearly depleted

Twelve Seas Investment Co. II

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 0.95

Twelve Seas Investment Co. II: Approved amendment to certificate of incorporation to extend business combination deadline from March 2, 2023 to December 2, 2023 (effective 2023-02-28).

Change
charter amendment
Effective
2023-02-28
Exact text from the filing
On February 28, 2023, Twelve Seas Investment Company II (the “ Company ”) filed an amendment to the Company’s Amended and Restated Certificate of Incorporation with the Secretary of State of the State of Delaware (the “ Extension Amendment ”). The Extension Amendment extends the date by which the Company must either (i) consummate a business combination, (ii) cease all operations, or (iii) redeem or repurchase 100% of the Company’s outstanding public shares, from March 2, 2023 to December 2, 2023, or such earlier date as determined by the Company’s board of directors (the “ Board ”).
View on SEC.gov
Shareholder Votes SEC 8-K Item 5.07 confidence 1.0

Twelve Seas Investment Co. II shareholders approved Extension Amendment, extending the date by which the Company must consummate its initial business combination from March 2, 2023 to December 2, 2023, or such earlier date as determined by the Board at the 2023-02-28 meeting.

Proposal
charter amendment
Outcome
passed
Meeting
2023-02-28
Exact text from the filing
On February 28, 2023, the Company held a special meeting of stockholders (the “ Meeting ”). At the Meeting, the Company’s stockholders approved the Extension Amendment, extending the date by which the Company must consummate its initial business combination from March 2, 2023 to December 2, 2023, or such earlier date as determined by the Board (the “ Extension Amendment Proposal ”). The final voting results for the Extension Amendment Proposal were as follows: For Against Abstain Broker Non-Votes 33,370,836 1,941,000 0 0
View on SEC.gov

Browse all governance changes →

Source: SEC EDGAR
accession 0001213900-23-017222
Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.