Genesis Growth Tech Acquisition Corp. 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.
Subsequent to the requisite shareholder approval having been obtained at the Extraordinary General Meeting (as defined below) of Genesis Growth Tech Acquisition Corp. (“GGAA”) of the Extension Amendment Proposal (as defined below), GGAA adopted the Third Amended and Restated Memorandum and Articles of Association (the “Third A&R Articles”). Such Third A&R Articles will subsequently be filed with the Registrar of Companies in the Cayman Islands.
The information disclosed in Item 5.07 of this Current Report on Form 8-K under the headings “Proposal 1” is incorporated by reference into this Item 5.03 to the extent required herein.
Item 5.07. Submission of Matters to a Vote of Security Holders.
Extraordinary General Meeting
On August 31, 2023, GGAA held an extraordinary general meeting of shareholders (the “Extraordinary General Meeting”), at which holders of 5,883,786 ordinary shares in GGAA were present virtually or by proxy, representing approximately 92% of the voting power of the 6,426,039 ordinary shares issued and outstanding entitled to vote at the Extraordinary General Meeting at the close of business on August 7, 2023, which was the record date (the “Record Date”) for the Extraordinary General Meeting. Shareholders of record as of the close of business on the Record Date are referred to herein as “Shareholders”.
In connection with the Extension Amendment Proposal, Shareholders holding an aggregate of 19,519 Class A ordinary shares of GGAA, representing approximately 0.3% of the issued and outstanding Class A ordinary shares in GGAA, elected to redeem such shares for a pro rata portion of the funds in GGAA’s trust account. As a result, approximately $246,605.40 (approximately $12.63 per share) will be debited from GGAA’s trust account to pay such holders.
Proposal 1
The Shareholders approved the proposal to amend GGAA’s Second Amended and Restated Memorandum and Articles of Association (the “Articles of Association”), by way of special resolution, in the form of the Third A&R Articles to extend the date (the “Termination Date”) by which GGAA has to consummate a business combination (the “Extension”) from September 13, 2023 to December 13, 2024 (as extended, the “Extended Date”) (i.e., for a period of time ending 36 months after the consummation of GGAA’s initial public offering (the “IPO”)) (the “Extension Amendment Proposal”)
| FOR | AGAINST | ABSTAIN | ||
| 5,883,064 | 722 | 0 |
The foregoing description of the amendment to the Third A&R Articles does not purport to be complete and is qualified in its entirety by the terms of the Third A&R Articles, a copy of which is attached hereto as Exhibit 3.1 and incorporated herein by reference.
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As there were sufficient votes to approve the Extension Amendment Proposal, shareholder action on a second proposal, to approve the adjournment of the Extraordinary General Meeting, if necessary, to solicit additional proxies if there are not sufficient votes at the time of the Extraordinary General Meeting to adopt the Extension Amendment Proposal, was not required and GGAA did not call the vote on that proposal.
Item 9.01. Financial Statements and Exhibits.
| (d) | Exhibits. |
| Exhibit No. | Description | |
| 3.1 | Third Amended and Restated Memorandum and Articles of Association of Genesis Growth Tech Acquisition Corp. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
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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.
| GENESIS GROWTH TECH ACQUISITION CORP. | ||
| Date: September 5, 2023 | By: | /s/ Eyal Perez |
| Name: | Eyal Perez | |
| Title: | Chief Executive Officer, Chief Financial Officer and Director | |
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