8-K
filed February 13, 2023, 6:59 PM ET
CIK 0001836100
other material
confidence high
sentiment neutral
materiality 0.70
Goal Acquisitions shareholders approve extension to March 18, 2023; 16.3M shares redeemed
Goal Acquisitions Corp.
- Shareholders approved extension of business combination deadline to March 18, 2023, with up to five additional 30-day periods.
- Over 89% of votes cast in favor; 16,328,643 shares redeemed at ~$10.13/share for aggregate ~$165.5M.
- Following redemptions, ~9.5M public shares remain; trust account expected to hold ~$96.8M (press release: ~$97M).
- Atalaya Capital reduced stake to 9.9% and expressed support for the proposed Digital Virgo business combination.
- Company expects to close on accretive business combination with Digital Virgo, subject to regulatory and shareholder approval.
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
Goal Acquisitions Corp.: Amended charter to extend period to consummate initial business combination to New Termination Date and make administrative/technical changes (effective 2023-02-08).
- Change
- charter amendment
- Effective
- 2023-02-08
Exact text from the filing
On February 7, 2023, the Company’s stockholders also approved an amendment (the “Charter Amendment”) to the Amended and Restated Certificate of Incorporation of the Company (the “Charter”) to (i) extend the initial period of time by which the Company has to consummate an initial business combination to the New Termination Date and (ii) make other administrative and technical changes in the Charter in connection with the New Termination Date, in each case, pursuant to an amendment in the form set forth in Annex A of the proxy statement.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Goal Acquisitions Corp. amended Trust Agreement Amendment with Continental Stock Transfer & Trust Company (effective 2023-02-07).
- Action
- amendment
- Counterparty
- Continental Stock Transfer & Trust Company
- Effective
- 2023-02-07
Exact text from the filing
On February 7, 2023, stockholders of Goal Acquisitions Corp. (the “Company”) approved an amendment (the “Trust Agreement Amendment”) to the Investment Management Trust Agreement, dated February 10, 2021, by and between the Company and Continental Stock Transfer & Trust Company (“Continental”) (the “Trust Agreement”), to change the date on which Continental must commence liquidation of the amount on deposit in the trust account (the “Trust Account”) established in connection with the Company’s initial public offering from February 16, 2023 to March 18, 2023, subject to extension by the board of directors for up to five additional thirty-day periods (the latest of which such date is referred to as the “New Termination Date”).
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Goal Acquisitions Corp. shareholders approved Adjournment Proposal.
- Outcome
- passed
Exact text from the filing
3. Adjournment Proposal Votes For Votes Against Abstentions 22,051,872 1,477,631 1,292,397
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Goal Acquisitions Corp. shareholders approved Trust Amendment Proposal.
- Outcome
- passed
Exact text from the filing
2. Trust Amendment Proposal Votes For Votes Against Abstentions 22,103,226 1,426,479 1,292,195
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Goal Acquisitions Corp. shareholders approved Charter Amendment Proposal.
- Proposal
- charter amendment
- Outcome
- passed
Exact text from the filing
1. Charter Amendment Proposal Votes For Votes Against Abstentions 22,103,024 1,426,479 1,292,397
View on SEC.gov
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