UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM
CURRENT REPORT
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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 this Current Report on Form 8-K is incorporated by reference into this Item 5.03 to the extent required.
| Item 5.07 | Submission of Matters to a Vote of Security Holders. |
At the Extraordinary General Meeting held on July 13, 2023 (the “Extraordinary General Meeting”), holders of 15,802,394 Class A ordinary shares and Class B ordinary shares (collectively, the “Ordinary Shares”) of Black Spade Acquisition Co (the “Company”), which represents 74.8% of the Ordinary Shares outstanding and entitled to vote as of the record date of June 7, 2023, were represented in person or by proxy.
At the Extraordinary General Meeting, the shareholders approved the proposal to amend and restate (the “Articles Amendment”) the Company’s current amended and restated memorandum and articles of association to, among other things, extend the date by which the Company has to consummate a business combination (the “Combination Period”) for an additional twelve months from July 20, 2023 to July 20, 2024 by adopting the second amended and restated memorandum and articles of association, a copy of which is attached to this Current Report on Form 8-K as Exhibit 3.1 and incorporated herein by reference. The voting results were as follows:
| Votes For | Votes Against | Abstentions | Broker Non-Vote | |||
| 14,334,018 | 1,468,276 | 100 | N/A |
In connection with the vote to approve the Articles Amendment, the holders of 14,150,715 Class A ordinary shares of the Company properly exercised their right to redeem their shares for cash at a redemption price of approximately $10.38867176 per share, for an aggregate redemption amount of approximately $147.01 million.
Following the redemption in connection with the Articles Amendment, the amount of funds remaining in the trust account is approximately $28.56 million.
| Item 7.01 | Regulation FD Disclosure |
A copy of the press release issued by the Company announcing the extension of the Combination Period is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
The foregoing Exhibit 99.1 is being furnished pursuant to Item 7.01 and will not be deemed to be filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise be subject to the liabilities of that section, nor will it be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filings. This Current Report will not be deemed an admission as to the materiality of any information in this Item 7.01, including Exhibits 99.1.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits
| Exhibit |
Exhibit | |
| 3.1 | Second Amended and Restated Memorandum and Articles of Association | |
| 99.1 | Press Release, dated July 14, 2023 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: July 14, 2023
| BLACK SPADE ACQUISITION CO | ||||
| By: | /s/ Chi Wai Dennis Tam | |||
| Name: | Chi Wai Dennis Tam | |||
| Title: | Chairman and Co-Chief Executive Officer | |||
[Signature Page to Form 8-K]
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