---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-060048"
form_type: "8-K"
ticker: null
cik: "0001865701"
company_name: "Keyarch Acquisition Corp"
filed_at: "2023-07-26T23:59:59+00:00"
generated_at: "2026-06-13T02:29:23.840500+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Keyarch Acquisition extends business combination deadline to Jan 2024; 79% of public shares redeemed

## Summary
- Shareholders approved extension of deadline from July 27, 2023 to up to January 27, 2024.
- Approved conversion of Class B shares to Class A on one-for-one basis at any time before combination.
- 9,122,682 Public Shares redeemed at ~$10.50/share for $95.8M; 2,377,318 Public Shares remain.
- Sponsor issued two promissory notes: up to $180k for trust deposits and up to $1M for working capital.

## SEC filing metadata
- accession: 0001213900-23-060048
- form_type: 8-K
- cik: 0001865701
- company_name: Keyarch Acquisition Corp
- filed_at: 2023-07-26T23:59:59+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, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1865701/000121390023060048/0001213900-23-060048-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1865701/000121390023060048/ea182318-8k_keyarch.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-060048
- JSON: https://secwatch.observer/filing/0001213900-23-060048.json
- Plain text: https://secwatch.observer/filing/0001213900-23-060048.txt

## Key facts
- Governance Changes
  Keyarch Acquisition Corp: Amended charter to extend business combination deadline to October 27, 2023, with Board authority to further extend monthly up to January 27, 2024, and to allow Class B share conversion to Class A at any time before closing (effective 2023-07-20).
  - Change: charter amendment
  - Effective: 2023-07-20
  source text: the Extension Amendment Proposal (as defined below) and the Founder Share Amendment Proposal (as defined below) to amend the Company's Amended and Restated Memorandum and Articles of Association (“ Charter Amendment ”) was approved. Under Cayman Islands law, the Charter Amendment took effect upon approval of the Extension Amendment Proposal and the Founder Share Amendment Proposal.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1865701/000121390023060048/0001213900-23-060048-index.htm
- Material Agreements
  Keyarch Acquisition Corp entered into Working Capital Loan Note with Keyarch Global Sponsor Limited valued at $1,000,000 (effective 2023-07-25).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Keyarch Global Sponsor Limited
  - Value: $1,000,000
  - Effective: 2023-07-25
  source text: On July 25, 2023, the Company issued a second promissory note (the “ Working Capital Loan Note ”) in the principal amount of up to $1,000,000 to the Payee.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1865701/000121390023060048/0001213900-23-060048-index.htm
- Material Agreements
  Keyarch Acquisition Corp entered into Extension Note with Keyarch Global Sponsor Limited valued at $180,000 (effective 2023-07-25).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Keyarch Global Sponsor Limited
  - Value: $180,000
  - Effective: 2023-07-25
  source text: On July 25, 2023, Keyarch Acquisition Corporation (the “ Company ”), issued a promissory note (the “ Extension Note ”) in the aggregate principal amount of up to $180,000 to the Company’s sponsor, Keyarch Global Sponsor Limited
  evidence_url: https://www.sec.gov/Archives/edgar/data/1865701/000121390023060048/0001213900-23-060048-index.htm
- Shareholder Votes
  Keyarch Acquisition Corp shareholders approved Extension Amendment Proposal.
  - Outcome: passed
  source text: The Extension Amendment Proposal was approved with the following vote from the holders of Ordinary Shares: For Against Abstentions Broker Non-Votes 13,316,717 300,651 0 0
  evidence_url: https://www.sec.gov/Archives/edgar/data/1865701/000121390023060048/0001213900-23-060048-index.htm
- Shareholder Votes
  Keyarch Acquisition Corp shareholders approved Founder Share Amendment Proposal.
  - Outcome: passed
  source text: The Founder Share Amendment Proposal was approved with the following vote from the holders of Ordinary Shares: For Against Abstentions Broker Non-Votes 13,311,450 300,651 5,267 0
  evidence_url: https://www.sec.gov/Archives/edgar/data/1865701/000121390023060048/0001213900-23-060048-index.htm
- Shareholder Votes
  Keyarch Acquisition Corp shareholders approved Auditor Ratification Proposal.
  - Proposal: auditor ratification
  - Outcome: passed
  source text: The Auditor Ratification Proposal was approved with the following vote from the holders of Ordinary Shares: For Against Abstentions Broker Non-Votes 13,617,368 0 0 0
  evidence_url: https://www.sec.gov/Archives/edgar/data/1865701/000121390023060048/0001213900-23-060048-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.