8-K
filed August 20, 2024, 7:59 PM ET
CIK 0001829953
other material
confidence high
sentiment neutral
materiality 0.80
Corner Growth Acquisition Corp.: M&A transaction — Corner Growth Acquisition enters share purchase deal, appoints new CEO; change in control
Corner Growth Acquisition Corp.
- Ringwood Field, LLC to acquire 5,895,000 Class A shares from sponsor for $100.
- Sponsor cancels 7.6M private warrants; creditors reduce some amounts owed.
- All prior directors and officers resign; Hao Tian appointed CEO, CFO and director.
- Sponsor grants purchaser irrevocable proxy to vote retained shares and Class B shares.
- Agreement aims to increase likelihood of completing initial business combination by Oct 31.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
John Cadeddu resigned as Co-Chairman of the Board at Corner Growth Acquisition Corp..
- Action
- resigned
- Role
- Co-Chairman of the Board
Exact text from the filing
John Cadeddu as Co-Chairman of the Board
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Marvin Tien resigned as Co-Chairman of the Board, Chief Executive Officer and Chief Financial Officer at Corner Growth Acquisition Corp..
- Action
- resigned
- Role
- Co-Chairman of the Board, Chief Executive Officer and Chief Financial Officer
Exact text from the filing
Marvin Tien as Co-Chairman of the Board, Chief Executive Officer and Chief Financial Officer
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Alexandre Balkanski resigned as Director at Corner Growth Acquisition Corp..
- Action
- resigned
- Role
- Director
Exact text from the filing
each of Alexandre Balkanski, John Mulkey and Jason Park as directors of the Company
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jason Park resigned as Director at Corner Growth Acquisition Corp..
- Action
- resigned
- Role
- Director
Exact text from the filing
each of Alexandre Balkanski, John Mulkey and Jason Park as directors of the Company
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
David Kutcher resigned as Chief Investment Officer at Corner Growth Acquisition Corp..
- Action
- resigned
- Role
- Chief Investment Officer
Exact text from the filing
David Kutcher as Chief Investment Officer
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
John Mulkey resigned as Director at Corner Growth Acquisition Corp..
- Action
- resigned
- Role
- Director
Exact text from the filing
each of Alexandre Balkanski, John Mulkey and Jason Park as directors of the Company
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Hao Tian was appointed as Chief Executive Officer, Chief Financial Officer and Director at Corner Growth Acquisition Corp..
- Action
- appointed
- Role
- Chief Executive Officer, Chief Financial Officer and Director
Exact text from the filing
Hao Tian was appointed as Chief Executive Officer, Chief Financial Officer and a Director of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Kevin Tanaka resigned as Director of Corporate Development at Corner Growth Acquisition Corp..
- Action
- resigned
- Role
- Director of Corporate Development
Exact text from the filing
Kevin Tanaka as Director of Corporate Development
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jane Mathieu resigned as President at Corner Growth Acquisition Corp..
- Action
- resigned
- Role
- President
Exact text from the filing
Jane Mathieu as President
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.4
Corner Growth Acquisition Corp. underwent a change of control involving Ringwood Field, LLC (closed 2024-08-15).
- Action
- change of control
- Counterparty
- Ringwood Field, LLC
- Closing
- 2024-08-15
Exact text from the filing
On August 15, 2024, Corner Growth Acquisition Corp. (the " Company "), CGA Sponsor, LLC, the Company's sponsor (" Sponsor "), Ringwood Field, LLC (the " Purchaser ") and Alexandre Balkanski, John Mulkey and Jason Park entered into a purchase agreement (the " Purchase Agreement ").
View on SEC.gov
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