Healthcare AI Acquisition Corp extends deadline to Dec 14, 2024; 1.15M shares redeemed

Healthcare AI Acquisition Corp.

Shareholders approved extension to December 14, 2024 for business combination; no additional deposit required.
1,146,276 shares redeemed at ~$10.73 each, removing ~$12.3M from trust account.
Post-redemption, 591,851 Class A shares outstanding; trust account balance ~$6.35M.
Redemption represents ~84% of previously outstanding public shares voted in favor.

Key facts

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

Healthcare AI Acquisition Corp.: Extended deadline to complete a business combination to December 14, 2024, with no additional deposit to trust account (effective 2023-08-11).

Change: bylaw amendment
Effective: 2023-08-11

Exact text from the filing

On August 11, 2023, Healthcare AI Acquisition Corp. (the “ Company ”) held an extraordinary general meeting (the “ Special Meeting ”). As approved by its shareholders at the Special Meeting, the following proposal was approved as a special resolution, giving the Company the right to extend the date by which it has to complete a business combination to December 14, 2024 with no additional amounts to be deposited into the Company’s trust account (the “ Trust Account ”), held by Continental Stock Transfer & Trust Company (the “ Extension Amendment Proposal ”).

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Healthcare AI Acquisition Corp. shareholders approved Extension Amendment Proposal: amend Articles of Association to extend business combination deadline to December 14, 2024 at the 2023-08-11 meeting.

Proposal: charter amendment
Outcome: passed
Meeting: 2023-08-11

Exact text from the filing

Shareholders approved the proposal to amend the Company's Articles of Association as a special resolution, giving the Company the right to extend the date by which it has to complete a business combination to December 14, 2024 with no additional amounts being deposited into the Company's Trust Account.

View on SEC.gov

Browse all governance changes →

Source: SEC EDGAR

accession 0001477932-23-006236

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.