8-K
filed April 6, 2023, 7:59 PM ET
CIK 0001843988
other material
confidence high
sentiment neutral
materiality 0.85
SPAC two extends deadline to Jan 2024; new sponsor HC Proptech takes control; ~$168M redeemed
two
- Shareholders approved extension of business combination deadline from April 1, 2023 to January 1, 2024.
- 16,437,487 Class A shares redeemed at ~$10.23/share, totaling ~$168.2M in cash.
- Prior sponsor sold up to 4,854,375 Class B shares to HC Proptech Partners III; all prior directors/officers resigned.
- Thomas Hennessy appointed Chairman, CEO, and Interim CFO; M. Joseph Beck, Jack Leeney, Adam Blake appointed directors.
- Vote: 18,789,760 for, 2,484,584 against, 3,655 abstentions on the extension amendment.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 1.0
Adam Blake was appointed as Director at two.
- Action
- appointed
- Role
- Director
Exact text from the filing
Adam Blake was appointed as a director
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
M. Joseph Beck was appointed as Director at two.
- Action
- appointed
- Role
- Director
Exact text from the filing
M. Joseph Beck was appointed as a director
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Thomas Hennessy was appointed as Chairman, Chief Executive Officer and Interim Chief Financial Officer at two.
- Action
- appointed
- Role
- Chairman, Chief Executive Officer and Interim Chief Financial Officer
Exact text from the filing
Thomas Hennessy was appointed as a director and as Chairman, Chief Executive Officer and Interim Chief Financial Officer
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Jack Leeney was appointed as Director at two.
- Action
- appointed
- Role
- Director
Exact text from the filing
Jack Leeney was appointed as a director
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
two: Amended Amended and Restated Memorandum and Articles of Association to extend business combination deadline from April 1, 2023 to January 1, 2024 (effective 2023-03-31).
- Change
- charter amendment
- Effective
- 2023-03-31
Exact text from the filing
the Extension Amendment Proposal (as defined below) to amend the Company’s Amended and Restated Memorandum and Articles of Association (“ Charter Amendment ”) was approved. Under Cayman Islands law, the Charter Amendment took effect upon approval of the Extension Amendment Proposal.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
two shareholders approved Extension Amendment Proposal at the 2023-03-31 meeting.
- Outcome
- passed
- Meeting
- 2023-03-31
Exact text from the filing
Set forth below is the final voting result for the Extension Amendment Proposal. For Against Abstentions 18,789,760 2,484,584 3,655
View on SEC.gov
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