secwatch.observer — SEC 8-K summary
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Issuer:     Keyarch Acquisition Corp (—)
CIK:        0001865701
Form:       8-K
Filed at:   2023-07-26T23:59:59+00:00
Accession:  0001213900-23-060048
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 2.03, 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1865701/000121390023060048/0001213900-23-060048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1865701/000121390023060048/ea182318-8k_keyarch.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-060048

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer