Corner Growth Acquisition Corp. 2 filed SEC Form 8-K: Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year, Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits
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Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
On March 8, 2024, Corner Growth Acquisition Corp. 2 (the “Company”) held an Extraordinary General Meeting (the “Extraordinary General Meeting”), and in connection therewith the Company will fill with the Registrar of Companies of the Cayman Islands (“Registrar”) an amendment (the “Amendment”) to its Amended and Restated Memorandum and Articles of Association (the “Articles”) to (i) extend the date that the Company has to consummate a business combination from March 21, 2024 to December 31, 2024 (the “Extended Date”) or such earlier date as shall be determined by the Company’s board of directors (the “Board”) and (ii) eliminate from the Articles the limitation that the Company shall not redeem Class A Ordinary Shares included as part of the units sold in the IPO to the extent that such redemption would cause the Company’s net tangible assets to be less than $5,000,001.
The foregoing description of the Amendment is qualified in its entirety by the full text of the 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.
At the Extraordinary General Meeting, holders of 5,111,111 of the Company’s ordinary shares, which represents approximately 78.8% of the ordinary shares issued and outstanding and entitled to vote as of the record date of February 20, 2024, were represented in person or by proxy.
At the Extraordinary General Meeting, the shareholders approved (i) a special resolution to amend the Company’s Articles to extend the date that the Company has to consummate a business combination from March 21, 2024 to the Extended Date or such earlier date as shall be determined by the Board (the “Extension Proposal”) and (ii) a special resolution to amend the Company’s Articles to eliminate from the Articles the limitation that the Company shall not redeem Class A Ordinary Shares included as part of the units sold in the IPO to the extent that such redemption would cause the Company’s net tangible assets to be less than $5,000,001 (the “Redemption Limitation Amendment Proposal”).
Approval of Proposal 1—Extension Proposal
| Votes For | Votes Against | Abstentions | ||
| 4,987,125 | 123,981 | 5 |
Approval of Proposal 2—Redemption Limitation Amendment Proposal
| Votes For | Votes Against | Abstentions | ||
| 4,998,205 | 112,906 | 0 |
In connection with the vote to approve the Extension Proposal and the Redemption Limitation Amendment Proposal, the holders of 1,407,653 Class A ordinary shares properly exercised their right to redeem their shares for cash at a redemption price of approximately $11.55 per share, for an aggregate redemption amount of approximately $16,258,392. After the satisfaction of such redemptions, the balance in the Company’s trust account will be approximately $5,233,640.
Under Cayman Islands law, the amendment to the Articles took effect upon approval of each proposal. Accordingly, the Company now has until December 31, 2024 to consummate its initial business combination.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
|
Exhibit |
Description | |
| 3.1 | Amendment, dated March 8, 2024, to Amended and Restated Memorandum and Articles of Association of Corner Growth Acquisition Corp. 2 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: March 12, 2024
| CORNER GROWTH ACQUISITION CORP. 2 | ||
| By: | /s/ Jerome Letter | |
| Name: | Jerome Letter | |
| Title: | Chief Financial Officer | |