Live Oak Crestview Climate Acquisition Corp. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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| Item 5.03. | Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year |
The disclosure contained in Item 5.07 of the Current Report on Form 8-K is incorporated herein by reference.
| Item 5.07. | Submission of Matters to a Vote of Security Holders. |
On September 25, 2023, Live Oak Crestview Climate Acquisition Corp., a Delaware corporation (the “Company”), convened a special meeting of stockholders (the “Special Meeting”). At the Special Meeting, the Company’s stockholders voted on the proposals set forth below, each of which is described in greater detail in the final proxy statement filed by the Company with the U.S. Securities and Exchange Commission on September 8, 2023, as supplemented by the proxy supplements filed with the SEC on September 18, 2023 and September 22, 2023.
There were 25,000,000 shares of common stock issued and outstanding at the close of business on September 8, 2023, the record date (the “Record Date”) for the Special Meeting. At the Special Meeting, there were 19,166,742 shares present either by proxy or online, representing approximately 76.667% of the total outstanding shares of the Company’s common stock as of the Record Date.
A summary of the voting results for each proposal is set forth below.
Proposal No. 1 - The Extension Amendment Proposal
The amendment and restatement (the “Extension Amendment”) of the Company’s Amended and Restated Certificate of Incorporation (our “charter”) to extend the date by which the Company must consummate a business combination from 24 months from the closing of the Company’s initial public offering to January 12, 2024 (the “Extended Date” and such proposal, the “Extension Amendment Proposal”).
| Votes For |
Votes Against |
Abstentions | ||
| 18,653,873 | 512,869 | 0 |
Proposal No. 2 - The Founder Share Amendment Proposal
The amendment and restatement (the “Founder Share Amendment”) of our charter to provide for the right of a holder of Class B common stock, par value $0.0001 per share of the Company (“Class B common stock”) to convert their shares of Class B common stock into shares of Class A common stock, par value $0.0001 per share of the Company (“Class A common stock”) on a one-to-one basis at any time and from time to time at the election of the holder (the “Founder Share Amendment Proposal”).
| Votes For |
Votes Against |
Abstentions | ||
| 18,653,873 | 512,869 | 0 |
Proposal No. 3 - The Liquidation Proposal
The amendment and restatement (the “Liquidation Amendment”) of our charter to permit our board of directors (the “Board”), in its sole discretion, to elect to wind up the Company’s operations on an earlier date than the Extended Date as determined by our Board and included in a public announcement (the “Liquidation Amendment Proposal”).
| Votes For |
Votes Against |
Abstentions | ||
| 18,653,873 | 512,869 | 0 |
Charter Amendment
The Second Amended and Restated Certificate of Incorporation (the “Second Amended and Restated Charter”) of the Company was filed with the Delaware Secretary of State on September 26, 2023. The Second Amended and Restated Charter (i) extends the date by which the Company must consummate an initial business combination from 24 months from the closing of the Company’s initial public offering to the Extended Date; (ii) provides the right of a Holder of Class B common stock to convert their shares of Class B common stock into shares of Class A common stock on a one-to-one basis at any time and from time to time at the election of the holder; and (iii) permits the Board, as its sole discretion, to elect to wind up the Company’s operations on an earlier date than the Extended Date as determined by the Board and included in a public announcement. The foregoing description of the Second Amended and Restated Charter is qualified in its entirety by reference to the full text of the Second Amended and Restated Charter, a copy of which is attached as Exhibit 3.1 hereto and is incorporated by reference.
| Item 8.01 | Other Events |
Stockholders holding 5,665,725 shares of Common Stock exercised their right to redeem such shares for a pro rata portion of the funds in the Company’s trust account.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
| Exhibit |
Description | |
| 3.1 | Second Amended and Restated Certificate of Incorporation of the Company. | |
| 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.
| Date: September 26, 2023 | LIVE OAK CRESTVIEW CLIMATE ACQUISITION CORP. | |||||
| By: | /s/ Gary K. Wunderlich, Jr. | |||||
| Name: | Gary K. Wunderlich, Jr. | |||||
| Title: | President and Chief Financial Officer | |||||