--- schema_version: "secwatch.filing_event.v1" accession: "0001213900-23-056470" form_type: "8-K" ticker: null cik: "0001914023" company_name: "Acri Capital Acquisition Corp" filed_at: "2023-07-12T23:59:59+00:00" generated_at: "2026-06-13T09:38:37.447361+00:00" event_type: "other_material" sentiment: "negative" materiality_score: 0.75 calibrated_materiality_score: 0.75 confidence: "high" source: SEC EDGAR --- # Acri Capital extends deadline to Aug 14, 2023; 388,644 shares redeemed after vote ## Summary - Stockholders approved charter amendment to extend business combination deadline up to April 14, 2024 via monthly extensions. - First extension payment of $75,000 deposited, extending deadline from July 14 to August 14, 2023. - Sponsor issued $75,000 promissory note, convertible into private placement warrants at $1.00 per warrant. - 388,644 shares of Class A common stock redeemed in connection with the vote. - Restriction on business combinations with China-based entities removed via charter amendment. ## SEC filing metadata - accession: 0001213900-23-056470 - form_type: 8-K - cik: 0001914023 - company_name: Acri Capital Acquisition Corp - filed_at: 2023-07-12T23:59:59+00:00 - event_type: other_material - sentiment: negative - materiality_score: 0.75 - calibrated_materiality_score: 0.75 - confidence: high - sec_items: 1.01, 2.03, 5.03, 5.07, 7.01, 8.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1914023/000121390023056470/0001213900-23-056470-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1914023/000121390023056470/ea181674-8k_acricap.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001213900-23-056470 - JSON: https://secwatch.observer/filing/0001213900-23-056470.json - Plain text: https://secwatch.observer/filing/0001213900-23-056470.txt ## Key facts - Debt Financings Acri Capital Acquisition Corp incurred loan of $75,000 with Acri Capital Sponsor LLC at non-interest bearing maturing earlier of (i) consummation of the Company's initial business combination and (ii) the date of the liquidation of the Company. - Instrument: loan - Principal: $75,000 - Counterparty: Acri Capital Sponsor LLC - Rate: non-interest bearing - Maturity: earlier of (i) consummation of the Company's initial business combination and (ii) the date of the liquidation of the Company - Event: incurrence source text: the Company issued an unsecured promissory note of $75,000 (the " Note ") to its sponsor, Acri Capital Sponsor LLC (the " Sponsor "). evidence_url: https://www.sec.gov/Archives/edgar/data/1914023/000121390023056470/0001213900-23-056470-index.htm - Governance Changes Acri Capital Acquisition Corp: Amended the Charter to allow the Company until July 14, 2023 to consummate an initial business combination, and to allow for up to nine one-month extensions until April 14, 2024 by depositing the lesser of $75,000 or $0.045 per public share each month (effective 2023-07-12). - Change: charter amendment - Effective: 2023-07-12 source text: On July 11, 2023, at the Special Meeting, the stockholders of the Company approved the proposal to amend Company’s amended and restated certificate of incorporation (the “Charter”) to allow the Company until July 14, 2023 to consummate an initial business combination, and, without another stockholder vote, to elect to extend the date by which the Company must consummate a business combination on a monthly basis for up to nine (9) times, up to April 14, 2024, by depositing the lesser of (i) $75,000 and (ii) $0.045 for each public share to the Company’s trust account. Upon the stockholders’ approval, on July 12, 2023, the Company filed a certificate of amendment to the Charter which became effective upon filing. evidence_url: https://www.sec.gov/Archives/edgar/data/1914023/000121390023056470/0001213900-23-056470-index.htm - Governance Changes Acri Capital Acquisition Corp: Amended the Charter to remove the restriction on the Company undertaking an initial business combination with any entity whose principal business operations are headquartered in China (including Hong Kong and Macau). - Change: charter amendment source text: The stockholders approved the proposal to amend the Charter to remove the restriction of Company to undertake an initial business combination with any entity with its principal business operations or is headquartered in China (including Hong Kong and Macau). evidence_url: https://www.sec.gov/Archives/edgar/data/1914023/000121390023056470/0001213900-23-056470-index.htm - Material Agreements Acri Capital Acquisition Corp amended Amendment to the Investment Management Trust Agreement with Wilmington Trust, National Association (effective 2023-07-12). - Action: amendment - Counterparty: Wilmington Trust, National Association - Effective: 2023-07-12 source text: Upon the stockholders’ approval, on July 12, 2023, the Company and the trustee entered into the Amendment to the Investment Management Trust Agreement (the “Trust Amendment”). evidence_url: https://www.sec.gov/Archives/edgar/data/1914023/000121390023056470/0001213900-23-056470-index.htm - Shareholder Votes Acri Capital Acquisition Corp shareholders approved Amend the Charter to remove the restriction on undertaking an initial business combination with entities headquartered in China (including Hong Kong and Macau). - Proposal: charter amendment - Outcome: passed source text: The stockholders approved the proposal to amend the Charter to remove the restriction of Company to undertake an initial business combination with any entity with its principal business operations or is headquartered in China (including Hong Kong and Macau) . The voting results were as follows: FOR AGAINT ABSTAIN 5,024,201 170 3 evidence_url: https://www.sec.gov/Archives/edgar/data/1914023/000121390023056470/0001213900-23-056470-index.htm - Shareholder Votes Acri Capital Acquisition Corp shareholders approved Amend the Trust Agreement to extend the liquidation date from March 14, 2023 to July 14, 2023, with possible monthly extensions up to April 14, 2024 at the 2023-03-14 meeting. - Outcome: passed - Meeting: 2023-03-14 source text: The stockholders approved the proposal to amend the Trust Agreement to extend the liquidation date from March 14, 2023 to July 14, 2023, or, if further extended by up to nine one-month extensions, up to April 14, 2024 . The voting results were as follows: FOR AGAINT ABSTAIN 4,701,768 322,606 0 evidence_url: https://www.sec.gov/Archives/edgar/data/1914023/000121390023056470/0001213900-23-056470-index.htm - Shareholder Votes Acri Capital Acquisition Corp shareholders approved Amend the Charter to extend the business combination deadline to July 14, 2023 and allow monthly extensions up to April 14, 2024 at the 2023-07-14 meeting. - Proposal: charter amendment - Outcome: passed - Meeting: 2023-07-14 source text: The stockholders approved the proposal to amend the Company’s Charter to allow the Company until July 14, 2023 to consummate an initial business combination, and, without another stockholder vote, to elect to extend the date by which the Company must consummate a business combination on a monthly basis for up to nine (9) times, up to April 14, 2024, by depositing each month the lesser of (i) $75,000 and (ii) $0.045 for each public share to the Company’s trust account . The voting results were as follows: FOR AGAINT ABSTAIN 4,621,835 402,539 0 evidence_url: https://www.sec.gov/Archives/edgar/data/1914023/000121390023056470/0001213900-23-056470-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.