DP Cap SPAC extends deadline to Nov 2025; 1.45M shares redeemed for ~$16.8M

DP Cap Acquisition Corp I

Shareholders approved extension of business combination deadline from Nov 12, 2024 to Nov 12, 2025.
1,451,905 Class A shares redeemed at ~$11.62/share for aggregate ~$16.8 million in connection with extension.
After redemption, only 48,095 Class A shares remain outstanding subject to redemption.
Extension approved by 6,726,256 votes for, 272,004 against; Fourth A&R Charter filed in Cayman Islands.

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

DP Cap Acquisition Corp I: Amended and restated memorandum and articles of association to extend the deadline to consummate a business combination from November 12, 2024 to November 12, 2025 (effective 2024-11-12).

Change: charter amendment
Effective: 2024-11-12

Exact text from the filing

On November 12, 2024, to effectuate the Extension, the Company filed with the Cayman Islands Registrar of Companies the Fourth Amended and Restated Memorandum and Articles of Association of the Company (the “Fourth A&R Charter”).

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Source: SEC EDGAR

accession 0001477932-24-007057

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