Item 1.01 Entry into a Material Definitive Agreement.
In connection with the special meeting of the stockholders (the "Special
Meeting") of Atlantic Coastal Acquisition Corp., a Delaware Corporation (the
"Company"), to extend the date by which the Company has to consummate a business
combination (the "Extension") from March 8, 2023 to June 8, 2023 (or later,
pursuant to the terms of the Extension), the Company and Atlantic Coastal
Acquisition Management LLC (the "Sponsor"), will enter into a non-redemption
agreement (the "Non-Redemption Agreement") with one or more unaffiliated third
party or parties, pursuant to which such third party or third parties will agree
not to redeem Class A common stock of the Company ("Non-Redeemed Shares") in
connection with the Extension. In exchange for the foregoing commitments not to
redeem such Class A common stock, the Sponsor has agreed to transfer Class B
common stock of the Company held by the Sponsor to such third party or third
parties immediately following consummation of an initial business combination if
they continue to hold such Non-Redeemed Shares through the Special Meeting. The
Non-Redemption Agreements will increase the amount of funds that remain in the
Company's trust account following the Extension Meeting.
The foregoing summary of the Non-Redemption Agreement does not purport to be
complete and is qualified in its entirety by reference to the form of
Non-Redemption Agreement filed herein as Exhibit 10.1 and incorporated herein by
reference
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibsit No. Description
10.1 Form of Non-Redemption Agreement
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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ATLANTIC COASTAL ACQUISITION CORP. 
