Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.95
Keyarch Acquisition Corp: Shareholders approved the Third Charter Amendment to remove the net tangible assets (NTA) redemption limitation from the company's Amended and Restated Memorandum and Articles of Association (effective 2024-03-27).
- Change
- charter amendment
- Effective
- 2024-03-27
Exact text from the filing
On March 27, 2024, Keyarch Acquisition Corporation (the “ Company ” or “ Keyarch ”) held its extraordinary general meeting of shareholders (the “ EGM ” or “ Extraordinary General Meeting ”) in connection with its previously announced business combination (the “ Business Combination ”) with ZOOZ Power Ltd., a limited liability company organized under the laws of the State of Israel (“ ZOOZ ”) and ZOOZ Power Cayman, a Cayman Islands exempted company and direct, wholly owned subsidiary of ZOOZ (“ Merger Sub ”). As further described below, at the Extraordinary General Meeting, the NTA Proposal (as defined below) to amend the Company’s Amended and Restated Memorandum and Articles of Association, as amended (the “ Third Charter Amendment ”) was approved. Under Cayman Islands law, the Third Charter Amendment took effect upon approval of the NTA Proposal.
View on SEC.gov