8-K
filed September 29, 2023, 7:59 PM ET
CIK 0001907730
other material
confidence high
sentiment neutral
materiality 0.55
Yotta Acquisition shareholders approve extension to August 22, 2024 for business combination
Yotta Acquisition Corp
- Proposal 1 passed to extend deadline from Sept 22, 2023 to Aug 22, 2024 (5,712,254 For, 384,637 Against).
- Proposal 2 approved trust agreement amendment for the same extension without depositing additional funds (5,456,938 For, 261,869 Against).
- Proposal 3 amended net tangible asset requirement to at least $5,000,001 (5,867,411 For, 229,480 Against).
- Certificate of Amendment filed on Sept 22, 2023 reflecting the approved charter changes.
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
Yotta Acquisition Corp: Amended Article Sixth, Paragraph D of Amended Charter to modify net tangible asset requirement to at least $5,000,001 or otherwise exempt from Rule 419 (effective 2023-09-22).
- Change
- charter amendment
- Effective
- 2023-09-22
Exact text from the filing
proposal to amend Article Sixth, Paragraph D. of the Amended Charter to modify the net tangible asset requirement to state that the Company will not consummate any business combination unless it (i) has net tangible assets of at least $5,000,001 upon consummation of such business combination, or (ii) is otherwise exempt from the provisions of Rule 419
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Yotta Acquisition Corp: Amended Amended and Restated Certificate of Incorporation to extend business combination deadline from September 22, 2023 to August 22, 2024 (effective 2023-09-22).
- Change
- charter amendment
- Effective
- 2023-09-22
Exact text from the filing
Company’s stockholders approved the amendment to the Company’s Amended and Restated Certificate of Incorporation to extend the date by which the Company has to consummate a business combination from September 22, 2023 to August 22, 2024
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Yotta Acquisition Corp shareholders approved Amendment to the Amended and Restated Certificate of Incorporation to extend the date to consummate a business combination from September 22, 2023 to August 22, 2024 at the 2023-09-22 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2023-09-22
Exact text from the filing
The Company’s stockholders approved the amendment to the Company’s Amended and Restated Certificate of Incorporation to extend the date by which the Company has to consummate a business combination from September 22, 2023 to August 22, 2024 the “Extended Termination Date”), based upon the voting results set forth below.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Yotta Acquisition Corp shareholders approved Amendment to Article Sixth, Paragraph D. of the Amended Charter to modify the net tangible asset requirement to at least $5,000,001 upon consummation of a business combination at the 2023-09-22 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2023-09-22
Exact text from the filing
A proposal to amend Article Sixth, Paragraph D. of the Amended Charter to modify the net tangible asset requirement to state that the Company will not consummate any business combination unless it (i) has net tangible assets of at least $5,000,001 upon consummation of such business combination, or (ii) is otherwise exempt from the provisions of Rule 419 promulgated under the Securities Act of 1933, as amended (the “Securities Act”).
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Yotta Acquisition Corp shareholders approved Amendment to the investment management trust agreement to extend the time to complete the initial business combination from September 22, 2023 to August 22, 2024 at the 2023-09-22 meeting.
- Proposal
- merger approval
- Outcome
- passed
- Meeting
- 2023-09-22
Exact text from the filing
The Company’s stockholders approved an amendment to the Company’s investment management trust agreement, dated as of April 19, 2022, as amended on April 19, 2023, by and between the Company and Continental Stock Transfer & Trust Company, to provide that the time for the Company to complete its initial business combination under the Trust Agreement shall be extended from September 22, 2023 to August 22, 2024 (the “Second Trust Amendment”) without depositing any additional funds the trust account based upon the voting results set forth bleow.
View on SEC.gov
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