other_material
confidence high
sentiment neutral
materiality 0.85
Corner Growth Acquisition Corp. 2 shareholders approve 49:1 bonus share issuance and capital increase
CORNER GROWTH ACQUISITION CORP. 2
- Authorized capital raised from US$33,100 to US$85,000; Class A shares authorized go from 300M to 600M, preference shares from 1M to 220M.
- Bonus Share Issuance approved: 49 bonus ordinary shares for each outstanding ordinary share, resulting in massive dilution.
- Article 49.10 amended to allow share issuance before business combination with ordinary resolution instead of special resolution.
- All three proposals passed with over 99.7% of votes in favor (4,625,114 for, 150 against, 6,085 abstain).
- Only 213 public shares redeemed in connection with the meeting; no broker non-votes.
item 5.03item 5.07item 9.01