--- schema_version: "secwatch.filing_event.v1" accession: "0001213900-23-028624" form_type: "8-K" ticker: null cik: "0001843100" company_name: "Schultze Special Purpose Acquisition Corp. II" filed_at: "2023-04-10T23:59:59+00:00" generated_at: "2026-06-17T04:18:57.736413+00:00" event_type: "other_material" sentiment: "negative" materiality_score: 0.6 calibrated_materiality_score: 0.6 confidence: "high" source: SEC EDGAR --- # SAMA shareholders approve deadline extension to Oct 13; 70% of shares redeemed ## Summary - Extension of business combination deadline from April 13 to October 13, 2023 approved. - Sponsor issued unsecured promissory note for up to $840,000 to fund trust account contributions. - 11,584,852 public shares redeemed at ~$10.30 each, totaling ~$119.3 million. - Trust account balance post-redemption is approximately $50.6 million. - All Class B shares converted to Class A; 9,040,148 Class A shares outstanding. ## SEC filing metadata - accession: 0001213900-23-028624 - form_type: 8-K - cik: 0001843100 - company_name: Schultze Special Purpose Acquisition Corp. II - filed_at: 2023-04-10T23:59:59+00:00 - event_type: other_material - sentiment: negative - materiality_score: 0.6 - calibrated_materiality_score: 0.6 - confidence: high - sec_items: 1.01, 2.03, 5.03, 5.07, 8.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1843100/000121390023028624/0001213900-23-028624-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1843100/000121390023028624/ea176740-8k_schultze2.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001213900-23-028624 - JSON: https://secwatch.observer/filing/0001213900-23-028624.json - Plain text: https://secwatch.observer/filing/0001213900-23-028624.txt ## Key facts - Debt Financings Schultze Special Purpose Acquisition Corp. II incurred loan of up to $840,000 with Schultze Special Purpose Acquisition Sponsor II, LLC at does not bear interest maturing the earlier of: (i) the date on which the Company consummates its initial business combination and (ii) the date that the winding up of the Company is effective. - Instrument: loan - Principal: up to $840,000 - Counterparty: Schultze Special Purpose Acquisition Sponsor II, LLC - Rate: does not bear interest - Maturity: the earlier of: (i) the date on which the Company consummates its initial business combination and (ii) the date that the winding up of the Company is effective - Event: incurrence source text: On April 10, 2023, in connection with the implementation of the Extension (as defined below), Schultze Special Purpose Acquisition Corp. II (the “Company”) issued an unsecured promissory note (the “Note”) in the principal amount of up to $840,000 to Schultze Special Purpose Acquisition Sponsor II, LLC (the “Sponsor”) evidence_url: https://www.sec.gov/Archives/edgar/data/1843100/000121390023028624/0001213900-23-028624-index.htm - Governance Changes Schultze Special Purpose Acquisition Corp. II: Amended certificate of incorporation to extend the deadline for initial business combination from April 13, 2023 to October 13, 2023 (effective 2023-04-10). - Change: charter amendment - Effective: 2023-04-10 source text: On April 10, 2023, the Company filed the Charter Amendment with the Secretary of State of the State of Delaware in order to implement the Extension. evidence_url: https://www.sec.gov/Archives/edgar/data/1843100/000121390023028624/0001213900-23-028624-index.htm - Shareholder Votes Schultze Special Purpose Acquisition Corp. II shareholders approved Auditor Ratification Proposal to ratify Marcum LLP as independent registered public accounting firm for fiscal 2023 at the 2023-04-04 meeting. - Proposal: auditor ratification - Outcome: passed - Meeting: 2023-04-04 source text: The Auditor Ratification Proposal was approved. The voting results of the shares of Common Stock were as follows: For Against Abstain Broker Non-Votes 17,786,148 631,528 4,908 0 evidence_url: https://www.sec.gov/Archives/edgar/data/1843100/000121390023028624/0001213900-23-028624-index.htm - Shareholder Votes Schultze Special Purpose Acquisition Corp. II shareholders approved Charter Amendment Proposal to extend date to consummate business combination to October 13, 2023 at the 2023-04-04 meeting. - Proposal: charter amendment - Outcome: passed - Meeting: 2023-04-04 source text: The Charter Amendment Proposal was approved. The voting results of the shares of Common Stock were as follows: For Against Abstain Broker Non-Votes 15,060,351 1,374,906 0 1,987,327 evidence_url: https://www.sec.gov/Archives/edgar/data/1843100/000121390023028624/0001213900-23-028624-index.htm - Shareholder Votes Schultze Special Purpose Acquisition Corp. II shareholders approved Director Election Proposal to re-elect two directors at the 2023-04-04 meeting. - Proposal: director election - Outcome: passed - Meeting: 2023-04-04 source text: The Director Election Proposal was approved, and each of Messrs. William G. LaPerch and William T. Allen was re-elected to the Board. The voting results of the shares of Class B Common Stock were as follows: Director For Withheld Broker Non-Votes William G. LaPerch 4,125,000 0 0 William T. Allen 4,125,000 0 0 evidence_url: https://www.sec.gov/Archives/edgar/data/1843100/000121390023028624/0001213900-23-028624-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.