---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-017222"
form_type: "8-K"
ticker: null
cik: "0001819498"
company_name: "Twelve Seas Investment Co. II"
filed_at: "2023-03-03T23:59:59+00:00"
generated_at: "2026-06-18T13:26:48.657467+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- Stockholders approved extension of business combination deadline from March 2, 2023 to December 2, 2023.
- 31,291,466 public shares redeemed at ~$10.17 per share, removing ~$318.4 million from trust account.
- After redemptions, only 3,208,534 public shares remain outstanding.
- Trust account substantially reduced, leaving limited capital for a future business combination.

## SEC filing metadata
- accession: 0001213900-23-017222
- form_type: 8-K
- cik: 0001819498
- company_name: Twelve Seas Investment Co. II
- filed_at: 2023-03-03T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 5.03, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1819498/000121390023017222/0001213900-23-017222-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1819498/000121390023017222/ea174632-8k_twelve2.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-017222
- JSON: https://secwatch.observer/filing/0001213900-23-017222.json
- Plain text: https://secwatch.observer/filing/0001213900-23-017222.txt

## Key facts
- Governance Changes
  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
  source text: 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 ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1819498/000121390023017222/0001213900-23-017222-index.htm
- Shareholder Votes
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1819498/000121390023017222/0001213900-23-017222-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.