secwatch.observer — SEC 8-K summary
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Issuer:     Healthcare AI Acquisition Corp. (—)
CIK:        0001848861
Form:       8-K
Filed at:   2023-06-14T23:59:59+00:00
Accession:  0001477932-23-004565
Event type: other_material
Sentiment:  negative
Materiality: 0.95
Item codes: 1.01, 5.02, 5.03, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Healthcare AI Acquisition Corp. sees ~92% public shares redeemed; new sponsor and board after special meeting
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- 19,824,274 shares tendered for redemption (~$208.99M, $10.54/share); trust account reduced to ~$18.3M with 1.74M Class A shares outstanding.
- Shareholders approved extension to June 14, 2024 via $50K/month deposits, removed net tangible asset redemption limit, and allowed founder share conversion.
- Sponsor sold 3,184,830 Founder Shares to Atticus Ale, LLC; all existing officers/directors resigned, new board appointed with Zikang Wu as CEO.
- Underwriters waived deferred discount; sponsor will exchange 11.1M placement warrants for 500K Class A shares upon business combination.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1848861/000147793223004565/0001477932-23-004565-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1848861/000147793223004565/haia_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-23-004565

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