--- schema_version: "secwatch.filing_event.v1" accession: "0001829126-23-007481" form_type: "8-K" ticker: null cik: "0001880441" company_name: "Battery Future Acquisition Corp." filed_at: "2023-11-15T23:59:59+00:00" generated_at: "2026-06-08T02:47:07.547493+00:00" event_type: "other_material" sentiment: "negative" materiality_score: 0.65 calibrated_materiality_score: 0.65 confidence: "high" source: SEC EDGAR --- # BFAC shareholders approve extension to June 2024; ~45% of trust redeemed ($68.2M) ## Summary - Shareholders approved charter amendments removing monthly extension payments and net tangible asset redemption limits. - Trust agreement amended to extend business combination deadline to June 17, 2024 without additional deposits. - About 6.27M shares redeemed for ~$68.2M ($10.88/share), leaving ~$56.3M in trust. - Outstanding shares now 13.8M (5.17M Class A, 8.63M Class B). - Voting results: each proposal passed with ~14.4M for vs ~1.2M against. ## SEC filing metadata - accession: 0001829126-23-007481 - form_type: 8-K - cik: 0001880441 - company_name: Battery Future Acquisition Corp. - filed_at: 2023-11-15T23:59:59+00:00 - event_type: other_material - sentiment: negative - materiality_score: 0.65 - calibrated_materiality_score: 0.65 - confidence: high - sec_items: 1.01, 5.03, 5.07, 8.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1880441/000182912623007481/0001829126-23-007481-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1880441/000182912623007481/batteryfuture_8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001829126-23-007481 - JSON: https://secwatch.observer/filing/0001829126-23-007481.json - Plain text: https://secwatch.observer/filing/0001829126-23-007481.txt ## Key facts - Governance Changes Battery Future Acquisition Corp.: Amendments to the Second Amended and Restated Memorandum and Articles of Association to remove monthly extension payment requirement and extend Combination Period to June 17, 2024, and to eliminate net tangible asset redemption limitations (effective 2023-11-14). - Change: charter amendment - Effective: 2023-11-14 source text: As approved by its shareholders at the Meeting on November 14, 2023, the Company adopted an amendment to the Company’s Second Amended and Restated Memorandum and Articles of Association on November 14, 2023 (as amended, the “Charter”), allowing the Company to (1) remove the monthly extension payment the Company must make into the Trust Account to extend the Combination Period and extend the Combination Period to June 17, 2024 without depositing additional funds in the Trust Account (the “Extension Payment Removal Amendment”) and (2) eliminate (i) the limitation that the Company may not redeem public shares in an amount that would cause the Company’s net tangible assets to be less than $5,000,001 and (ii) the limitation that the Company shall not consummate an initial business combination unless the Company has net tangible assets of at least $5,000,001 immediately prior to, or upon consummation of, or any greater net tangible asset or cash requirement that may be contained in the agree evidence_url: https://www.sec.gov/Archives/edgar/data/1880441/000182912623007481/0001829126-23-007481-index.htm - Material Agreements Battery Future Acquisition Corp. amended Trust Agreement Amendment with Continental Stock Transfer & Trust Company (effective 2023-11-14). - Action: amendment - Counterparty: Continental Stock Transfer & Trust Company - Effective: 2023-11-14 source text: Battery Future Acquisition Corp. (the “Company” or “BFAC”) entered into an amendment (the “Trust Agreement Amendment”) to the Investment Management Trust Agreement, dated as of December 14, 2021, and amended on June 12, 2023, with Continental Stock Transfer & Trust Company evidence_url: https://www.sec.gov/Archives/edgar/data/1880441/000182912623007481/0001829126-23-007481-index.htm - Shareholder Votes Battery Future Acquisition Corp. shareholders approved Extension Payment Removal Amendment at the 2023-11-14 meeting. - Proposal: charter amendment - Outcome: passed - Meeting: 2023-11-14 source text: The Extension Payment Removal Proposal was approved by special resolution of the Company’s shareholders, and received the following votes: BFAC Ordinary Shares Votes For BFAC Ordinary Shares Votes Against BFAC Ordinary Shares Abstentions 14,388,628 1,222,571 19 evidence_url: https://www.sec.gov/Archives/edgar/data/1880441/000182912623007481/0001829126-23-007481-index.htm - Shareholder Votes Battery Future Acquisition Corp. shareholders approved Trust Agreement Amendment at the 2023-11-14 meeting. - Outcome: passed - Meeting: 2023-11-14 source text: The Trust Agreement Amendment Proposal was approved by ordinary resolution of the Company’s shareholders, and received the following votes: BFAC Ordinary Shares Votes For BFAC Ordinary Shares Votes Against BFAC Ordinary Shares Abstentions 14,388,633 1,222,585 0 evidence_url: https://www.sec.gov/Archives/edgar/data/1880441/000182912623007481/0001829126-23-007481-index.htm - Shareholder Votes Battery Future Acquisition Corp. shareholders approved Redemption Limitation Amendment at the 2023-11-14 meeting. - Proposal: charter amendment - Outcome: passed - Meeting: 2023-11-14 source text: The Redemption Limitation Amendment Proposal was approved by special resolution of the Company’s shareholders, and received the following votes: BFAC Ordinary Shares Votes For BFAC Ordinary Shares Votes Against BFAC Ordinary Shares Abstentions 14,388,651 1,222,567 0 evidence_url: https://www.sec.gov/Archives/edgar/data/1880441/000182912623007481/0001829126-23-007481-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.