Item 5.07. Submission of Matters to a Vote of Security Holders.
On December 15, 2022, the Company held a special of stockholders (the "special
meeting"). On November 21, 2022, the record date for the special meeting, there
were 25,640,000 shares of common stock outstanding and entitled to be voted at
the special meeting, approximately 74.65% of which were represented in person or
by proxy at the special meeting.
The final results for each of the matters submitted to a vote of the Company's
stockholders at the special meeting are as follows:
1. Extension Charter Amendment Proposal
The stockholders approved the proposal to amend (the "Extension Charter
Amendment") the Company's Charter, in the form attached in the proxy statement
as Annex A, to extend the date by which the Company has to consummate a business
combination for up to an additional six months, from February 17, 2023 to up to
August 17, 2023, or such earlier date as determined by the Board of Directors,
provided that the sponsor (or its affiliates or permitted designees) will
deposit into the Trust Account an amount determined by multiplying $0.05 by the
number of public shares then outstanding, up to a maximum of $150,000 for each
such one-month extension until August 17, 2023, unless the closing of the
Company's initial business combination shall have occurred, and permit holders
of public shares to redeem their shares for their pro rata portion of the trust
account. The voting results were as follows:
BROKER NON-
FOR AGAINST ABSTAIN VOTES
18,923,762 214,770 776 0
2. Termination Charter Amendment Proposal
The stockholders approved the proposal to amend (the "Extension Charter
Amendment") the Company's Charter, in the form attached in the proxy statement
as Annex B, to (i) change the date by which the Company must consummate the
initial business combination from February 17, 2023 to the time and date
immediately following the filing of such amendment with the Secretary of State
of the State of Delaware, or the Accelerated Termination Date, (ii) remove the
Conversion Limitation (as defined in the amended and restated certificate of
incorporation) to allow the Company to redeem public shares notwithstanding the
fact that such redemption would result in the Company having net tangible assets
of less than $5,000,001, and (iii) allow the Company to remove up to $100,000 of
interest earned on the amount on deposit in the Trust Account prior to redeeming
the public shares in connection with the special meeting in order to pay
dissolution expenses. The voting results were as follows:
BROKER NON-
FOR AGAINST ABSTAIN VOTES
18,970,865 166,855 1,588 0
3. Trust Amendment Proposal
The stockholders approved the proposal to amend the Investment Management Trust
Agreement, dated February 11, 2021, by and between Continental Stock Transfer &
Trust Company, as trustee, and the Company (the "Trust Agreement," and together
with the Charter Amendment, the "Extensions"), pursuant to an amendment in the
form attached in the proxy statement as Annex C, to change the date on which the
trustee must commence liquidation of the trust account established in connection
with the initial public offering to the time and date immediately following the
Accelerated Termination Date. The voting results were as follows:
BROKER NON-
FOR AGAINST ABSTAIN VOTES
18,970,867 167,665 776 0
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4. Director Proposal
The stockholders approved the proposal to elect one director, Alberto Ardura
González, to serve as Class I director on the Company's Board of Directors until
his successors are elected and qualified. The voting results were as follows:
FOR WITHHOLD
19,010,317 128,991
5. Auditor Proposal
The stockholders approved the proposal to ratify the selection by the Audit
Committee of Marcum LLP to serve as the Company's independent registered public
accounting firm for the fiscal year ending December 31, 2022. The voting results
were as follows:
BROKER NON-
FOR AGAINST ABSTAIN VOTES
19,010,423 128,109 776 0
Item 8.01. Other Events.
In connection with the votes to approve the proposals above, the holders of
17,001,185 shares of common stock of the Company properly exercised their right
to redeem their shares for cash at a redemption price of approximately $10.06
per share, for an aggregate redemption amount of approximately $171.03 million,
leaving approximately $30.28 million in the trust account. The Company will
issue a Current Report on Form 8-K to report its decision on whether or not to
implement the Extension Charter Amendment Proposal, or the Termination Charter
Amendment Proposal.
Item 9.01. Financial Statements and Exhibits
(c) Exhibits:
Exhibit
No. Description
104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
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