Item 8.01 Other Events

On January 6, 2023, TKB Critical Technologies 1 ("TKB") filed a definitive proxy statement (the "Extension Proxy Statement") for an extraordinary general meeting of its shareholders to be held on January 23, 2023 to consider and act upon a proposal to extend the date by which TKB must complete an initial business combination to June 29, 2023 (the "Extended Date") and to make a corresponding amendment to TKB's investment management trust agreement, dated as of October 26, 2021 (the "Trust Agreement") by and between TKB and Continental Stock Transfer & Trust Company (together, the "Extension"). The Extension Proxy Statement was mailed to TKB shareholders of record as of December 21, 2022. Shareholders may obtain a copy of the Extension Proxy Statement at the SEC's website (www.sec.gov).

As set forth in the Extension Proxy Statement, the deadline by which TKB public shareholders had to complete the procedures for electing to redeem their Class A ordinary shares, par value $0.0001 per share (the "Class A Ordinary Shares"), was 5:00 p.m., Eastern Time, on January 19, 2023 ("Redemption Deadline"). The initial number of Class A Ordinary Shares tendered for redemption prior to the Redemption Deadline was 19,452,791.

Shareholders may withdraw redemptions with TKB's consent at any time until the vote is taken with respect to the Extension. The vote is currently scheduled to occur at 11:30 a.m. Eastern Time on Monday, January 23, 2023. Shareholders may request to reverse their redemption by contacting TKB's transfer agent, Continental Stock Transfer & Trust Company, at One State Street, 30th Floor, New York, New York 10004, Attn: Mark Zimkind (e-mail:mzimkind@continentalstock.com).

Assuming no additional Class A Ordinary Shares are withdrawn from redemption, upon the effectiveness of the Extension, TKB will have 9,197,209 Class A Ordinary Shares outstanding, of which TKB Sponsor I, LLC (the "Sponsor") holds 5,650,000 shares (the "Founder Shares"). Pursuant to the letter agreement between TKB and Sponsor entered into in connection with TKB's initial public offering, the Sponsor has agreed to waive its redemption rights with respect to the Founder Shares in connection with (i) the completion of an initial business combination, (ii) the shareholder vote to approve the Extension and any additional extensions of the Extended Date, and (iii) liquidating distributions from TKB's trust account.


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