---
schema_version: "secwatch.filing_event.v1"
accession: "0001214659-23-008553"
form_type: "8-K"
ticker: null
cik: "0001864032"
company_name: "Ault Disruptive Technologies Corp"
filed_at: "2023-06-16T23:59:59+00:00"
generated_at: "2026-06-13T23:17:15.071928+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Ault Disruptive shareholders approve SPAC extension to Feb 2024; 11.4M shares redeemed for $120.5M

## Summary
- Stockholders approved charter amendment extending business combination deadline from June 20, 2023 to Sept 20, 2023, with monthly extension options to Feb 20, 2024.
- Public stockholders redeemed 11,353,225 shares at $10.61/share, aggregate $120,510,705, reducing trust to ~$1.56M.
- After redemption, 3,021,775 shares remain outstanding, with 2,875,000 held by sponsor.
- Also approved deletion of net tangible asset redemption limitation.

## SEC filing metadata
- accession: 0001214659-23-008553
- form_type: 8-K
- cik: 0001864032
- company_name: Ault Disruptive Technologies Corp
- filed_at: 2023-06-16T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 5.03, 5.07, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1864032/000121465923008553/0001214659-23-008553-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1864032/000121465923008553/o6142318k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214659-23-008553
- JSON: https://secwatch.observer/filing/0001214659-23-008553.json
- Plain text: https://secwatch.observer/filing/0001214659-23-008553.txt

## Key facts
- Governance Changes
  Ault Disruptive Technologies Corp: Stockholders approved amendments to the Amended and Restated Certificate of Incorporation to extend the business combination deadline from June 20, 2023 to September 20, 2023 and allow monthly extensions up to February 20, 2024, and to delete certain net tangible asset redemption limitations (effective 2023-06-15).
  - Change: charter amendment
  - Effective: 2023-06-15
  source text: At the Special Meeting, the Company’s stockholders approved two proposals amending the Company’s Amended and Restated Certificate of Incorporation (the “Charter Amendment”) to (i) extend the date by which the Company must complete a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination involving the Company and one or more businesses (a “Business Combination”) from June 20, 2023 to September 20, 2023 (the “Termination Date”) and to allow the Company, without another stockholder vote, to elect to extend the Termination Date to consummate a Business Combination on a monthly basis up to five times by an additional one month each time after September 20, 2023, upon the request by Ault Disruptive Technologies Company, LLC (the “Sponsor”), and approval by the Company’s board of directors until February 20, 2024 or a total of up to eight months, unless the closing of a Business Combination shall have occurred prior thereto
  evidence_url: https://www.sec.gov/Archives/edgar/data/1864032/000121465923008553/0001214659-23-008553-index.htm
- Shareholder Votes
  Ault Disruptive Technologies Corp shareholders approved Redemption Limitation Amendment - delete net tangible asset limitations on redemptions at the 2023-06-15 meeting.
  - Proposal: charter amendment
  - Outcome: passed
  - Meeting: 2023-06-15
  source text: Proposal No. 2: Redemption Limitation Amendment Proposal For Against Abstain 10,582,278 1,172,551 0
  evidence_url: https://www.sec.gov/Archives/edgar/data/1864032/000121465923008553/0001214659-23-008553-index.htm
- Shareholder Votes
  Ault Disruptive Technologies Corp shareholders voted on Adjournment Proposal at the 2023-06-15 meeting.
  - Meeting: 2023-06-15
  source text: Proposal No. 3: The Adjournment Proposal For Against Abstain 10,582,278 1,172,551 0 Although the Adjournment Proposal received sufficient votes to be approved, no motion to adjourn was made because the adjournment of the Special Meeting was determined not to be necessary or appropriate.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1864032/000121465923008553/0001214659-23-008553-index.htm
- Shareholder Votes
  Ault Disruptive Technologies Corp shareholders approved Extension Amendment - extend date to complete business combination from June 20, 2023 to September 20, 2023 and allow monthly extensions up to February 20, 2024 at the 2023-06-15 meeting.
  - Proposal: charter amendment
  - Outcome: passed
  - Meeting: 2023-06-15
  source text: Proposal No. 1: The Extension Amendment Proposal For Against Abstain 10,582,278 1,172,551 0
  evidence_url: https://www.sec.gov/Archives/edgar/data/1864032/000121465923008553/0001214659-23-008553-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.