secwatch.observer — SEC 8-K summary
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Issuer:     Zalatoris Acquisition Corp. (—)
CIK:        0001846750
Form:       8-K
Filed at:   2024-01-17T23:59:59+00:00
Accession:  0001213900-24-003911
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.03, 5.03, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Zalatoris shareholders approve charter amendments to extend SPAC deadline; ~$37M redeemed
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- Stockholders approved extending SPAC deadline up to 11 months to Nov 14, 2024, via $100k monthly deposits by sponsor.
- Holders of 3,465,997 Class A shares redeemed for ~$37M at ~$10.67/share, reducing trust to ~$31.75M.
- First extension payment of $100k deposited on Jan 16, 2024, extending deadline to Feb 14, 2024.
- Approved conversion of Class B shares to Class A at any time prior to business combination (previously only at closing).
- Board action by written consent now permitted, adding flexibility for business combination.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1846750/000121390024003911/0001213900-24-003911-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1846750/000121390024003911/ea191576-8k425_zalatoris.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-003911

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