Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Fintech Ecosystem Development Corp.: Amended charter to extend deadline for business combination from April 21, 2024 to up to October 21, 2024, with monthly extension options and deposit requirements (effective 2024-04-18).
- Change
- charter amendment
- Effective
- 2024-04-18
Exact text from the filing
On April 18, 2024, Fintech Ecosystem Development Corp. (the “Company”) held an extraordinary general meeting (the “Special Meeting”) of stockholders of the Company (the “Stockholders”). The Stockholders approved the proposal to amend (the “Charter Amendment”) the Company’s amended and restated certificate of incorporation (the “Charter”) to extend the date by which the Company has to consummate a business combination for an additional six months, from April 21, 2024 to up to October 21, 2024, by electing to extend the date to consummate an initial business combination on a monthly basis up to six times, provided that for each one-month extension, the sponsor of the Company deposits into the trust account established for the benefit of the Company’s public stockholders (the “Trust Account”) the lesser of (i) $66,000.00 and (ii) an aggregate amount equal to $0.033 for each public share that is not redeemed in connection with the Special Meeting.
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Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
Fintech Ecosystem Development Corp. shareholders approved Charter Amendment.
- Proposal
- charter amendment
- Outcome
- passed
Exact text from the filing
FOR AGAINST ABSTAIN 5,005,951 (72.50%) 271,614 (3.93%) 0 (0.00%)
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