secwatch.observer — SEC 8-K summary
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Issuer:     ShoulderUP Technology Acquisition Corp. (—)
CIK:        0001885461
Form:       8-K
Filed at:   2023-04-26T23:59:59+00:00
Accession:  0001213900-23-032900
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 1.01, 5.03, 5.07, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ShoulderUp extends SPAC deadline to Nov 2023; 61.8% of IPO shares redeemed for ~$270M
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- Stockholders approved extension of business combination deadline from May 19, 2023 to November 19, 2023.
- 25,845,428 shares redeemed at ~$10.43 per share, totaling ~$269.6M (61.83% of IPO shares).
- Trust account reduced to ~$43.3M; only 4,154,572 shares remain outstanding.
- Extension approved by 33,091,898 votes for, 1,400,776 against; no abstentions.
- Amendments to certificate of incorporation and trust agreement filed with Delaware Secretary of State.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1885461/000121390023032900/0001213900-23-032900-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1885461/000121390023032900/ea177307-8k_shoulderup.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-032900

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