Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal
Year.
On December 20, 2022, Iris Acquisition Corp, a Delaware corporation (the
"Company"), filed with the Secretary of State of the State of Delaware an
amendment (the "Extension Amendment") to the Company's amended and restated
certificate of incorporation to change the date by which the Company must
consummate a business combination from March 9, 2023 to June 9, 2023 (subject to
an additional three month extension at the discretion of the Board of Directors
of the Company (the "Board")). The Company's stockholders approved the Extension
Amendment at a special meeting of stockholders of the Company (the "Special
Meeting") on December 20, 2022. The foregoing description of the Extension
Amendment is qualified in its entirety by the full text of the Extension
Amendment, which is filed as Exhibit 3.1 hereto and incorporated herein by
reference.
Item 5.07 Submission of Matters to a Vote of Security Holders.
On December 20, 2022, at the Special Meeting, a total of 26,212,537 (or 75.978%)
of the Company's issued and outstanding shares of Class A common stock ("Public
Shares") and Class B common stock held of record as of November 8, 2022, the
record date for the Special Meeting, were present either in person or by proxy,
which constituted a quorum. The Company's stockholders voted on the following
proposals at the Special Meeting, each of which were approved. The final vote
tabulation for each proposal is set forth below.
Proposal 1. To approve and adopt the Extension Amendment.
For Against Abstained
25,911,336 301,201 0
Proposal 2. To approve the adjournment of the Special Meeting to a later date or
dates, if necessary or appropriate, to permit further solicitation and vote of
proxies in the event that there are insufficient votes for, or otherwise in
connection with, the approval of the Extension Proposal.
25,869,867 342,670 0
Although this proposal would have received sufficient votes to be approved, no
motion to adjourn was made because the adjournment of the Special Meeting was
determined not to be necessary or appropriate.
In connection with the Special Meeting, stockholders holding 26,186,896 Public
Shares properly exercised their right to redeem their shares (and did not
withdraw their redemption) for cash at a redemption price of approximately
$10.08 per share, for an aggregate redemption amount of approximately
$263,963,911.68. Following such redemptions, approximately $15,064,666 will be
left in trust and 1,413,104 Public Shares will remain outstanding.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
3.1 Amendment to the Amended and Restated Certificate of Incorporation
of Iris Acquisition Corp, filed on December 20, 2022
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document)
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