--- schema_version: "secwatch.filing_event.v1" accession: "0001213900-23-040924" form_type: "8-K" ticker: null cik: "0001851230" company_name: "Crescera Capital Acquisition Corp." filed_at: "2023-05-18T23:59:59+00:00" generated_at: "2026-06-14T21:29:51.349802+00:00" event_type: "other_material" sentiment: "negative" materiality_score: 0.7 calibrated_materiality_score: 0.7 confidence: "high" source: SEC EDGAR --- # Crescera Capital shareholders approve 12-month extension; ~20M shares redeemed ## Summary - Shareholders voted to extend deadline to consummate business combination from May 23, 2023 to May 23, 2024. - Removed redemption limitation allowing redemptions regardless of net tangible assets falling below $5M. - Holders of 19,978,574 Class A shares exercised redemption rights, a substantial portion of outstanding shares. - Approved founder conversion amendment enabling Class B shares to convert before business combination. ## SEC filing metadata - accession: 0001213900-23-040924 - form_type: 8-K - cik: 0001851230 - company_name: Crescera Capital Acquisition Corp. - filed_at: 2023-05-18T23:59:59+00:00 - event_type: other_material - sentiment: negative - materiality_score: 0.7 - calibrated_materiality_score: 0.7 - confidence: high - sec_items: 5.03, 5.07, 8.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1851230/000121390023040924/0001213900-23-040924-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1851230/000121390023040924/ea178694-8k_crescera.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001213900-23-040924 - JSON: https://secwatch.observer/filing/0001213900-23-040924.json - Plain text: https://secwatch.observer/filing/0001213900-23-040924.txt ## Key facts - Governance Changes Crescera Capital Acquisition Corp.: Shareholders approved amendments to the Company's Amended and Restated Memorandum and Articles of Association to extend the deadline for an initial business combination from May 23, 2023 to November 23, 2023, with potential further extensions to May 23, 2024, and to eliminate the limitation on redee (effective 2023-05-16). - Change: charter amendment - Effective: 2023-05-16 source text: At the Extraordinary General Meeting, the Company’s shareholders approved amendments (the “Articles Amendment”) to the Company’s Amended and Restated Memorandum and Articles of Association (the “Articles”) to: (i) extend the date (the “Termination Date”) by which the Company has to consummate an initial business combination from May 23, 2023 (the date which is 18 months from the closing date of the Company’s initial public offering of shares of Class A shares) (the “IPO”) (the “Original Termination Date”) to November 23, 2023 (the date which is 24 months from the closing date of the Company’s IPO) (the “Articles Extension Date”), or such earlier date as determined by the Company’s board of directors (“Board”), and to allow the Board, without another shareholder vote, to extend the period of time to consummate the initial business combination for an additional 6 months after the Articles Extension Date on the same terms as the Original Extension Right (as defined in the Proxy Statement) evidence_url: https://www.sec.gov/Archives/edgar/data/1851230/000121390023040924/0001213900-23-040924-index.htm - Shareholder Votes Crescera Capital Acquisition Corp. shareholders approved Founder Conversion Amendment Proposal at the 2023-05-16 meeting. - Outcome: passed - Meeting: 2023-05-16 source text: 3. The Founder Conversion Amendment Proposal — To amend, by way of special resolution, the Company’s Articles, as provided by the third resolution in the form set forth in Annex A to this proxy statement to provide that the Class B Ordinary Shares may be converted either at the time of the consummation of the Company’s initial Business Combination or at any earlier date at the option of the holders of the Class B Ordinary Shares. For Against Abstain Broken non-vote 20,874,131 2,413,026 0 0 evidence_url: https://www.sec.gov/Archives/edgar/data/1851230/000121390023040924/0001213900-23-040924-index.htm - Shareholder Votes Crescera Capital Acquisition Corp. shareholders approved Extension Amendment Proposal at the 2023-05-16 meeting. - Outcome: passed - Meeting: 2023-05-16 source text: 1. The Extension Amendment Proposal — To amend, by way of special resolution, the Company’s Articles to extend the Termination Date by which the Company has to consummate a Business Combination from the Original Termination Date to the Articles Extension Date and to allow the Board of the Company, without another shareholder vote, to extend the Termination Date to consummate a Business Combination for an additional 6 months after the Articles Extension Date, by resolution of the Board, if requested by the Sponsor, and upon five days’ advance notice prior to the applicable Termination Date, until May 23, 2024, or a total of twelve months after the Original Termination Date, as provided by the first resolution in the form set forth in Annex A to the Proxy Statement. For Against Abstain Broken non-vote 20,874,131 2,413,026 0 0 evidence_url: https://www.sec.gov/Archives/edgar/data/1851230/000121390023040924/0001213900-23-040924-index.htm - Shareholder Votes Crescera Capital Acquisition Corp. shareholders approved Redemption Limitation Amendment Proposal at the 2023-05-16 meeting. - Outcome: passed - Meeting: 2023-05-16 source text: 2. The Redemption Limitation Amendment Proposal — To amend, by way of special resolution, the Company’s Articles, as provided by the second resolution in the form set forth in Annex A to the Proxy Statement to eliminate from the Articles the limitation that the Company shall not redeem Public Shares to the extent that such redemption would cause the Company’s net tangible assets to be less than the Redemption Limitation. The Redemption Limitation Amendment would allow the Company to redeem Public Shares irrespective of whether such redemption would exceed the Redemption Limitation. For Against Abstain Broken non-vote 20,874,131 2,413,026 0 0 evidence_url: https://www.sec.gov/Archives/edgar/data/1851230/000121390023040924/0001213900-23-040924-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.