8-K
filed July 26, 2023, 7:59 PM ET
CIK 0001855168
other material
confidence high
sentiment negative
materiality 0.65
Williams Rowland stockholders approve extension to March 2024; 868,870 shares redeemed
Williams Rowland Acquisition Corp.
- Stockholders approved extension of business combination deadline from July 29, 2023 to March 29, 2024, with up to eight one-month extensions.
- Redemption limitation removed, allowing redemptions regardless of net tangible asset impact.
- Extension Amendment: 8,010,569 votes for, 202,528 against, 0 abstain (97.5% approval).
- Redemption Limitation Amendment: 8,107,055 for, 106,031 against, 11 abstain (98.7% approval).
- In connection with the vote, 868,870 shares were submitted for redemption (approx. 9.4% of shares outstanding).
Key facts
Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Williams Rowland Acquisition Corp.: Amended charter to extend business combination deadline and remove redemption limitation on net tangible assets (effective 2023-07-24).
- Change
- charter amendment
- Effective
- 2023-07-24
Exact text from the filing
the Company filed an amendment to its Amended and Restated Certificate of Incorporation with the Delaware Secretary of State on July 24, 2023 (the “Charter Amendment”), that (i) gives the Company the right to extend the date by which Williams Rowland has to consummate a business combination up to eight (8) times (the “Extension Amendment”), each such extension for an additional one (1) month period (each an “Extension”), from July 29, 2023 to March 29, 2024 (such date actually extended being referred to as the “Extended Termination Date”) and (ii) removed from the Charter the limitation that the Company may not redeem public shares to the extent that such redemption would result in the Company having net tangible assets (as determined in accordance with Rule 3a51-1(g)(1) of the Securities Exchange Act of 1934, as amended) of less than $5,000,001 upon consummation of a Business Combination (the “Redemption Limitation”) in order to allow the Company to redeem public shares irrespective o
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
Williams Rowland Acquisition Corp. shareholders approved Extension Amendment at the 2023-07-24 meeting.
- Outcome
- passed
- Meeting
- 2023-07-24
Exact text from the filing
Stockholders approved the Extension Amendment. The voting results were as follows: FOR AGAINST ABSTAIN 8,010,569 202,528 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
Williams Rowland Acquisition Corp. shareholders approved Redemption Limitation Amendment at the 2023-07-24 meeting.
- Outcome
- passed
- Meeting
- 2023-07-24
Exact text from the filing
Stockholders approved the Redemption Limitation Amendment. The voting results were as follows: FOR AGAINST ABSTAIN 8,107,055 106,031 11
View on SEC.gov
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