secwatch.observer — SEC 8-K summary
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Issuer:     two (—)
CIK:        0001843988
Form:       8-K
Filed at:   2023-04-06T23:59:59+00:00
Accession:  0001493152-23-011299
Event type: other_material
Sentiment:  neutral
Materiality: 0.85
Item codes: 5.02, 5.03, 5.07, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

SPAC two extends deadline to Jan 2024; new sponsor HC Proptech takes control; ~$168M redeemed
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1843988/000149315223011299/0001493152-23-011299-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1843988/000149315223011299/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-011299

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer