8-K
filed May 30, 2023, 7:59 PM ET
CIK 0001846809
other material
confidence high
sentiment neutral
materiality 0.70
OceanTech SPAC stockholders approve extension to June 2024; ~1M shares redeemed for $11.2M
OceanTech Acquisitions I Corp.
- Stockholders approved extension of business combination deadline from June 2, 2023 to June 2, 2024 via up to 12 monthly extensions.
- Sponsor to deposit $30,000 per monthly extension; $360,000 non-interest loan provided for extension payments.
- 1,035,788 shares of Class A common stock redeemed at ~$10.84 per share, aggregate ~$11,233,820.
- Trust account balance after redemptions: approximately $8,814,443.
- Amended charter and trust agreement filed to permit monthly extensions through June 2, 2024.
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
OceanTech Acquisitions I Corp.: Amended charter to extend deadline for business combination from June 2, 2023 to up to June 2, 2024 with monthly extension payments (effective 2023-06-02).
- Change
- charter amendment
- Effective
- 2023-06-02
Exact text from the filing
At the Special Meeting, the Stockholders approved the proposal (the “Extension Amendment Proposal”) for the Company to adopt and file with the Delaware Secretary of State of the State of Delaware the Amended Charter, which the Company promptly filed following the Stockholders’ approval of the Extension Amendment Proposal. Pursuant to the Amended Charter, the Company has the right to extend beyond June 2, 2023 (the “Original Termination Date”) by up to 12 1-month extensions through June 2, 2024
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
OceanTech Acquisitions I Corp. shareholders approved Extension Amendment Proposal at the 2023-04-17 meeting.
- Outcome
- passed
- Meeting
- 2023-04-17
Exact text from the filing
Proposal 1- Extension Amendment Proposal The Stockholders approved the Extension Amendment Proposal. The following is a tabulation of the voting results: Common Stock: Votes For Votes Against Abstentions Broker Non-Votes 3,698,114 150,001 0 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
OceanTech Acquisitions I Corp. shareholders approved Trust Amendment Proposal at the 2023-04-17 meeting.
- Outcome
- passed
- Meeting
- 2023-04-17
Exact text from the filing
Proposal 2 - Trust Amendment Proposal The Stockholders approved the Trust Amendment Proposal. The following is a tabulation of the voting results: Common Stock: Votes For Votes Against Abstentions Broker Non-Votes 3,698,114 150,001 0 0
View on SEC.gov
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