secwatch.observer — SEC 8-K summary
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Issuer:     Twelve Seas Investment Co. II (—)
CIK:        0001819498
Form:       8-K
Filed at:   2023-03-03T23:59:59+00:00
Accession:  0001213900-23-017222
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819498/000121390023017222/0001213900-23-017222-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819498/000121390023017222/ea174632-8k_twelve2.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-017222

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