Associated tags: USCT, Security (finance), Extension, Business architecture, 1221 Avenue of the Americas, State Street, TKB, White & Case, White
Locations: EL SEGUNDO, CA, US
The Proxy Supplement also clarifies that record date for determining the Company’s shareholders entitled to receive notice of and to vote at the Meeting is June 9, 2023.
Key Points:
- The Proxy Supplement also clarifies that record date for determining the Company’s shareholders entitled to receive notice of and to vote at the Meeting is June 9, 2023.
- Shareholders as of the record date can vote on the proposals to be submitted to shareholders at the Meeting, even if they have subsequently sold their shares.
- Shareholders who have previously submitted their proxies or otherwise voted and who do not want to change their vote need not take any action.
- Shareholders who wish to withdraw their previously submitted redemption request may do so prior to the taking of the shareholders’ vote at the Meeting by requesting that the transfer agent return such shares.
TKB’s shareholders also approved a corresponding amendment to the Company’s Investment Management Trust Agreement.
Key Points:
- TKB’s shareholders also approved a corresponding amendment to the Company’s Investment Management Trust Agreement.
- The Extension was approved by approximately 99% of the votes cast at the meeting, representing approximately 82% of TKB’s outstanding shares.
- Following the Extension, after satisfaction of such redemptions, the balance in TKB’s trust account will be approximately $55 million, approximately 24% of the total.
- We are pleased to have retained approximately $55 million in our trust account, particularly when there was only two weeks from the announcement of our merger.
Retrieved on:
Wednesday, January 25, 2023
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Bank EL SEGUNDO, Calif., Jan. 25, 2023 (GLOBE NEWSWIRE) -- TKB Critical Technologies 1 (“TKB”)(Nasdaq: USCTU, USCT, USCTW) announced today that it has retained approximately $53 million in its trust account following the redemption deadline for the Class A ordinary shares initially issued in TKB’s IPO (“Public Shares”) in connection with TKB’s extraordinary general meeting (the “Extension Meeting”) seeking shareholder approval of an extension of the time that it has to consummate an initial business combination (“Extension”). The Extension was conditioned on TKB having at least 5.0 million Public Shares outstanding upon consummation of the Extension after taking into account valid redemptions. TKB further announced that such condition has been met.
Key Points:
- The Extension was conditioned on TKB having at least 5.0 million Public Shares outstanding upon consummation of the Extension after taking into account valid redemptions.
- Shareholders may withdraw redemptions with TKB’s consent at any time until the vote is taken with respect to the Extension.
- As previously disclosed, the Extension Meeting will reconvene at 4:00 p.m., Eastern time, on Friday, January 27, 2023.
- The Extension to be voted on at the Extension Meeting, and any redemption reversals received prior to the vote at the Extension Meeting, would allow TKB to complete the Business Combination.
Retrieved on:
Tuesday, January 24, 2023
EL SEGUNDO, Calif., Jan. 24, 2023 (GLOBE NEWSWIRE) -- TKB Critical Technologies 1 (“TKB”)(Nasdaq: USCTU, USCT, USCTW), announced today that it has adjourned the extraordinary general meeting (the “Extension Meeting”) seeking shareholder approval of an extension of the time that it has to consummate an initial business combination (“Extension”).
Key Points:
- EL SEGUNDO, Calif., Jan. 24, 2023 (GLOBE NEWSWIRE) -- TKB Critical Technologies 1 (“TKB”)(Nasdaq: USCTU, USCT, USCTW), announced today that it has adjourned the extraordinary general meeting (the “Extension Meeting”) seeking shareholder approval of an extension of the time that it has to consummate an initial business combination (“Extension”).
- The Extension Meeting will reconvene at 4:00 p.m., Eastern time, on Friday, January 27, 2023.
- The Extension Meeting will still be held virtually via live webcast at http://www.cstproxy.com/tkbtech/2023.
- The Extension to be voted on at the Extension Meeting, and any redemption reversals received prior to the vote at the Extension Meeting, would allow TKB to complete the Business Combination.
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Security (finance) EL SEGUNDO, Calif., Oct. 29, 2021 (GLOBE NEWSWIRE) -- TKB Critical Technologies 1 (the Company) today announced the closing of its initial public offering of 23,000,000 units, including 3,000,000 units issued pursuant to the full exercise of the underwriters over-allotment option, at a price of $10.00 per unit.
Key Points:
- EL SEGUNDO, Calif., Oct. 29, 2021 (GLOBE NEWSWIRE) -- TKB Critical Technologies 1 (the Company) today announced the closing of its initial public offering of 23,000,000 units, including 3,000,000 units issued pursuant to the full exercise of the underwriters over-allotment option, at a price of $10.00 per unit.
- TKB Critical Technologies 1 is a blank check company whose business purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.
- Jefferies LLC is acting as sole book-running manager and JMP Securities LLC is acting as lead manager for the offering.
- This press release contains statements that constitute forward-looking statements, including with respect to the initial public offering and search for an initial business combination.
