secwatch.observer — SEC 8-K summary
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Issuer:     Finserv Acquisition Corp. II (—)
CIK:        0001834336
Form:       8-K
Filed at:   2023-08-24T23:59:59+00:00
Accession:  0001213900-23-070654
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FinServ Acquisition Corp. II extends deadline to Feb 2024; ~$40.3M redeemed from trust
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- Stockholders approved charter extension from Aug 22, 2023 to Feb 22, 2024.
- Also approved elimination of the $5,000,001 net tangible assets redemption limitation.
- Holders of 3,920,848 public shares redeemed for ~$40.3M (~$10.28/share); $10.67M remains in trust.
- Company now has 9,338,155 Class A shares outstanding after redemptions.
- Issued up to $400,000 promissory note from sponsor FinServ Holdings II, LLC for working capital.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1834336/000121390023070654/0001213900-23-070654-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1834336/000121390023070654/ea184189-8k_finservacq2.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-070654

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