8-K
filed May 2, 2023, 7:59 PM ET
CIK 0001883983
other material
confidence high
sentiment neutral
materiality 0.55
Vision Sensing stockholders extend business combination deadline to Nov 2023; 8.5M shares redeemed
VISION SENSING ACQUISITION CORP.
- Stockholders approved extension of deadline from May 3, 2023 to Nov 3, 2023 with up to six monthly extensions.
- 8,507,492 shares of Class A common stock were redeemed in connection with the vote.
- Sponsor deposited ~$72,563 ($0.045/share) into trust for first monthly extension to June 3, 2023.
- Proposals passed with 10,316,246 votes for (78.6%) and 1,243,556 against.
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
VISION SENSING ACQUISITION CORP.: Stockholders approved First Amendment to Amended and Restated Certificate of Incorporation to extend the deadline to complete a business combination from May 3, 2023 to November 3, 2023, by up to six monthly extensions (effective 2023-05-01).
- Change
- charter amendment
- Effective
- 2023-05-01
Exact text from the filing
The stockholders of the Company approved the First Amendment to the Amended and Restated Certificate of Incorporation of the Company at the May 1, 2023, special meeting, giving the Company the right to extend the date by which the Company must (i) consummate a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination involving the Company and one or more businesses (a “business combination”), or else (ii) cease its operations if it fails to complete such business combination, and redeem or repurchase 100% of the Company’s Class A common stock included as part of the units sold in the Company’s initial public offering that was closed on November 3, 2021 (the “IPO”) from May 3, 2023 (the “Termination Date”) by up to six (6) one-month extensions to November 3, 2023 (the “Extension Amendment Proposal”).
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
VISION SENSING ACQUISITION CORP. amended Trust Agreement with Continental Stock Transfer & Trust Company (effective 2023-05-01).
- Action
- amendment
- Counterparty
- Continental Stock Transfer & Trust Company
- Effective
- 2023-05-01
Exact text from the filing
f Trust Agreement On November 3, 2021, Vision Sensing Acquisition Corp., a Delaware corporation (the “Company”), consummated its initial public
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
VISION SENSING ACQUISITION CORP. shareholders approved Extension Amendment Proposal at the 2023-05-01 meeting.
- Outcome
- passed
- Meeting
- 2023-05-01
Exact text from the filing
The Stockholders approved the Extension Amendment Proposal, giving the Company the right to extend the date by which the Company must (i) consummate a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination involving the Company and one or more businesses (a “business combination”), or else (ii) cease its operations if it fails to complete such business combination, and redeem or repurchase 100% of the Company’s Class A common stock included as part of the units sold in the Company’s initial public offering that was closed on November 3, 2021 (the “IPO”) from May 3, 2023 (the “Termination Date”) by up to six (6) one-month extensions to November 3, 2023.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
VISION SENSING ACQUISITION CORP. shareholders approved Trust Amendment Proposal at the 2023-05-01 meeting.
- Outcome
- passed
- Meeting
- 2023-05-01
Exact text from the filing
The Stockholders approved the Trust Amendment Proposal, pursuant to which the Investment Management Trust Agreement (the “Trust Agreement”), dated November 1, 2021, by and between the Company and Continental Stock Transfer & Trust Company, as trustee (“Continental”), was amended to extend the date on which Continental must liquidate the Trust Account (the “Trust Account”) established in connection with the IPO if the Company has not completed its initial business combination, from May 3, 2023 to November 3, 2023 (or such earlier date after May 3, 2023, as determined by the VSAC Board).
View on SEC.gov
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