Edify Acquisition Corp. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Submission of Matters to a Vote of Security Holders, Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year, Financial Statements and Exhibits
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Item 1.01 Entry into a Material Definitive Agreement.
The information disclosed in Item 5.07 of this Current Report on Form 8-K is incorporated by reference into this Item 1.01 to the extent required herein. As approved by its stockholders at the Special Meeting (defined below), Edify Acquisition Corp. (“EAC”) and Continental Stock Transfer & Trust Company entered into an amendment, dated July 20, 2023, to the Investment Management Trust Agreement, dated January 14, 2021, by and between Continental Stock Transfer & Trust Company and EAC (as amended by Amendment No.2 thereto, the “IMTA Amendment”). A copy of the IMTA Amendment is attached to this Current Report on Form 8-K as Exhibit 10.1 and is incorporated herein by reference.
Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
The information disclosed in Item 5.07 of this Current Report on Form 8-K is incorporated by reference into this Item 5.03 to the extent required herein. As approved by its stockholders at the Special Meeting, the Company filed a certificate of amendment to its amended and restated certificate of incorporation (the “Charter Amendment”) which became effective upon filing. The Charter Amendment changed the date by which EAC must consummate an initial business combination from January 20, 2024 to July 20, 2024. A copy of the Charter Amendment is attached to this Current Report on Form 8-K as Exhibit 3.1 and is incorporated herein by reference.
Item 5.07. Submissions of Matters to a Vote of Security Holders.
On January 19, 2024, EAC held a special meeting in lieu of annual meeting of stockholders (the “Special Meeting”). On December 26, 2023, the record date for the Special Meeting, there were 7,890,429 issued and outstanding shares of EAC’s common stock (the “Common Stock”) entitled to vote at the Special Meeting, 93.92% of which were represented in person or by proxy.
The final results for each of the matters submitted to a vote of EAC’s stockholders at the Special Meeting are as follows:
Extension Amendment Proposal - Proposal to amend the Company’s Amended and Restated Certificate of Incorporation (our “charter”) to allow the Company to extend the date by which the Company must consummate a business combination (as defined below) (the “Extension”) from January 20, 2024 (the date that is 36 months from the closing date of the Company’s initial public offering of units (the “IPO”)) on a monthly basis up to six times until July 20, 2024.
| For | Against | Abstain | ||
| 7,388,734 | 22,311 | 0 |
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Trust Amendment Proposal - Proposal to amend the Investment Management Trust Agreement, dated January 14, 2021, by and between the Company and Continental Stock Transfer & Trust Company (the “Trustee”), to allow the Company to extend the date on which the Trustee must liquidate the trust account established by the Company in connection with the IPO (the “trust account”) if the Company has not completed its initial business combination, from January 20, 2024 (the date that is 36 months from the closing date of the IPO) on a monthly basis up to six times until July 20, 2024 (the date that is 42 months from the closing date of the IPO) by depositing the lesser of (a) $49, 521.45 and (b) $0.05 into the trust account for each public share that has not been redeemed in accordance with the terms of the Company’s charter for each one-month extension to the Extended Date.
| For | Against | Abstain | ||
| 7,388,734 | 22,311 | 0 |
Director Election Proposal - Proposal to re-elect Jason Beckman and Jason Colodne as Class III directors of the Company’s board of directors.
| Nominee | For | Withheld | Broker Non-Vote | |||
| Jason Beckman | 7,388,734 | 22,178 | 133 | |||
| Jason Colodne | 7,388,734 | 22,178 | 133 |
Auditor Ratification Proposal - Proposal to appoint WithumSmith+Brown, PC as the Company’s independent registered public accounting firm for the fiscal year ended December 31, 2024.
| For | Against | Abstain | ||
| 7,410,912 | 0 | 133 |
Each of the proposals described above was approved by EAC’s stockholders. EAC’s stockholders elected to redeem an aggregate 67,766 shares of Common Stock in connection with the Special Meeting.
Item 9.01. Financial Statements and Exhibits
(c) Exhibits:
| Exhibit No. | Description | |
| 3.1 | Certificate of Amendment, dated January 19, 2024, to Amended and Restated Certificate of Incorporation of EAC | |
| 10.1 | Amendment to the Investment Management Trust Agreement, dated January 19, 2024, by and between EAC and Continental Stock Transfer & Trust Company. | |
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) |
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SIGNATURES
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: January 25, 2024
| EDIFY ACQUISITION CORP. | ||
| By: | /s/ Morris Beyda | |
| Name: | Morris Beyda | |
| Title: | Chief Financial Officer | |
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