8-K
filed January 18, 2024, 6:59 PM ET
CIK 0001880441
leadership
confidence high
sentiment neutral
materiality 0.95
Battery Future Acquisition Corp. agrees to transfer 4.19M founder shares, cancels warrants & debt, appoints new CEO
Battery Future Acquisition Corp.
- Transfer of 4,193,695 Class B founder shares from Sponsor and Pala to Camel Bay, LLC.
- Cancellation of 16,300,000 private placement warrants and $6,433,333 in promissory notes.
- Resignation of CEO Greg Martyr, CFO Kris Salinger, and other officers and directors.
- Appointment of Weiyi Zheng as CEO and Chairman, and Hao Tian, Zixun Jin, Shengming Shi as independent directors.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jessica Fung resigned as Director at Battery Future Acquisition Corp..
- Action
- resigned
- Role
- Director
Exact text from the filing
Jessica Fung
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Erez Ichilov resigned as Director at Battery Future Acquisition Corp..
- Action
- resigned
- Role
- Director
Exact text from the filing
Erez Ichilov
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Shengming Shi was appointed as Independent Director at Battery Future Acquisition Corp..
- Action
- appointed
- Role
- Independent Director
Exact text from the filing
Hao Tian, Zixun Jin and Shengming Shi as independent directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Greg Martyr resigned as Chief Executive Officer at Battery Future Acquisition Corp..
- Action
- resigned
- Role
- Chief Executive Officer
Exact text from the filing
Greg Martyr as Chief Executive Officer and director
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Nick O'Loughlin resigned as Chief Development Officer at Battery Future Acquisition Corp..
- Action
- resigned
- Role
- Chief Development Officer
Exact text from the filing
Nick O’Loughlin as Chief Development Officer
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Simon Hay resigned as Director at Battery Future Acquisition Corp..
- Action
- resigned
- Role
- Director
Exact text from the filing
Simon Hay
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Natalia Streltsova resigned as Director at Battery Future Acquisition Corp..
- Action
- resigned
- Role
- Director
Exact text from the filing
Natalia Streltsova
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Adrian Griffin resigned as Director at Battery Future Acquisition Corp..
- Action
- resigned
- Role
- Director
Exact text from the filing
Adrian Griffin
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Josh Payne resigned as Chief Operating Officer at Battery Future Acquisition Corp..
- Action
- resigned
- Role
- Chief Operating Officer
Exact text from the filing
Josh Payne as Chief Operating Officer
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Zixun Jin was appointed as Independent Director at Battery Future Acquisition Corp..
- Action
- appointed
- Role
- Independent Director
Exact text from the filing
Hao Tian, Zixun Jin and Shengming Shi as independent directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Weiyi Zheng was appointed as Chief Executive Officer and Chairman of the Board at Battery Future Acquisition Corp..
- Action
- appointed
- Role
- Chief Executive Officer and Chairman of the Board
Exact text from the filing
Weiyi Zheng as Chief Executive Officer and Chairman of the Board
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Kris Salinger resigned as Chief Financial Officer at Battery Future Acquisition Corp..
- Action
- resigned
- Role
- Chief Financial Officer
Exact text from the filing
Kris Salinger as Chief Financial Officer and director
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Hao Tian was appointed as Independent Director at Battery Future Acquisition Corp..
- Action
- appointed
- Role
- Independent Director
Exact text from the filing
Hao Tian, Zixun Jin and Shengming Shi as independent directors
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Battery Future Acquisition Corp. entered into Purchase Agreement with Camel Bay, LLC (effective 2024-01-16).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- Camel Bay, LLC
- Effective
- 2024-01-16
Exact text from the filing
On January 16, 2024, Battery Future Acquisition Corp. (the “ Company ”), Battery Future Sponsor LLC, the Company’s sponsor (“ Sponsor ”), Pala Investments Limited, an initial shareholder of the Company (“ Pala ”), and Camel Bay, LLC (the “ Purchaser ”) entered into a share purchase agreement (the “ Purchase Agreement ”).
View on SEC.gov
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