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.

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

CORNER GROWTH ACQUISITION CORP. 2: Amended articles to increase authorized share capital from US$33,100 to US$85,000, reallocating shares among classes, and to delete and replace Article 49.10 to restrict issuance of shares or securities that would entitle holders to receive funds from the trust account or vote with public shares bef (effective 2025-09-03).

Change: charter amendment
Effective: 2025-09-03

Exact text from the filing

On September 3, 2025, the Company filed an amendment to the Articles with the Cayman Islands Registrar of Companies to effectuate the foregoing proposals.

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Source: SEC EDGAR

accession 0001477932-25-006509

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