secwatch.observer — SEC 8-K summary
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Issuer:     Acri Capital Acquisition Corp (—)
CIK:        0001914023
Form:       8-K
Filed at:   2023-07-12T23:59:59+00:00
Accession:  0001213900-23-056470
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 2.03, 5.03, 5.07, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Acri Capital extends deadline to Aug 14, 2023; 388,644 shares redeemed after vote
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1914023/000121390023056470/0001213900-23-056470-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1914023/000121390023056470/ea181674-8k_acricap.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-056470

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