UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form
Current Report
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Item 5.07. Submission of Matters to a Vote of Security Holders.
On April 30, 2024, the Company held a special meeting of stockholders (the “Special Meeting”). On March 25, 2024, the record date for the Special Meeting, there were 5,000,767 shares of common stock of Plutonian entitled to be voted at the Special Meeting. At the Special Meeting, 3,428,535 shares of common stock of Plutonian or 68.6% of the shares entitled to vote at the Special Meeting were represented in person or by proxy.
| 1. | The Business Combination Proposal |
Stockholders approved the Business Combination Proposal, a proposal to approve and adopt the Merger Agreement and the Mergers, whereby Big Tree Cloud Merger Sub II Inc. will merge with and into the Company, the separate existence of Big Tree Cloud Merger Sub II Inc. will cease and the Company will be the surviving corporation of the SPAC Merger and a direct wholly owned subsidiary of Big Tree Cloud Holdings Limited. Passage of the Business Combination Proposal required approval by the affirmative vote of a majority of the votes of the shares present in person or represented by proxy at the Special Meeting and entitled to vote thereon. The voting results were as follows:
| FOR | AGAINST | ABSTAIN | |||
3,428,535 |
0 | 0 |
| 2. | The Redomestication Proposal |
Stockholders approved the proposal to approve the Company’s “redomestication” from Delaware to Cayman Islands that will take place with respect to the new public holding company pursuant to the terms of the Merger Agreement. Passage of the Redomestication Proposal required approval by the affirmative vote of a majority of the votes of the shares present in person or represented by proxy at the Special Meeting and entitled to vote thereon. The voting results were as follows:
| FOR | AGAINST | ABSTAIN | |||
| 3,428,535 | 0 | 0 |
| 3. | The Merger Issuance Proposal |
Stockholders approved the proposal to approve, for purposes of complying with applicable listing rules of Nasdaq the issuance of more than 20% of the current total issued and outstanding PubCo Ordinary Shares pursuant to the terms of the Merger Agreement. Passage of the Merger Issuance Proposal required approval by the affirmative vote of a majority of the votes of the shares present in person or represented by proxy at the Special Meeting and entitled to vote thereon. The voting results were as follows:
| FOR | AGAINST | ABSTAIN | |||
| 3,428,534 | 1 | 0 |
| 4. | The PubCo Charter Proposal |
Stockholders approved the proposal to amend PubCo’s memorandum and articles of association. Passage of the PubCo Charter Proposal required approval by the affirmative vote of a majority of the votes of the shares present in person or represented by proxy at the Special Meeting and entitled to vote thereon. The voting results were as follows:
| FOR | AGAINST | ABSTAIN | |||
| 3,183,712 | 244,823 | 0 |
| 5. | The NTA Requirement Amendment Proposal |
Stockholders approved the proposal to amend the Amended and Restated Certificate of Incorporation of Plutonian (the “Charter”) to delete Article SIXTH D from the Charter, which provides: “The Corporation will not consummate any Business Combination unless it has net tangible assets of at least $5,000,001 upon consummation of such Business Combination.” Passage of the NTA Requirement Amendment Proposal required approval by the affirmative vote of a majority of the votes of the shares present in person or represented by proxy at the Special Meeting and entitled to vote thereon. The voting results were as follows:
| FOR | AGAINST | ABSTAIN | |||
| 3,183,712 | 244,822 | 1 |
Item 8.01. Other Events.
In connection with the stockholders’ vote at the Special Meeting of Stockholders held by the Company on April 30, 2024, a total of 3,223,953 shares of common stock of Plutonian were tendered for redemption. As a result, approximately $35.4 million (approximately $10.985 per share) will be removed from the Company’s trust account to pay such holders, without taking into account additional allocation of payments to cover any tax obligation of the Company, such as franchise taxes, but not including any excise tax, since that date. Following redemptions, the Company will have 1,776,814 shares of Common Stock outstanding, and approximately $172,348 will remain in the Company’s trust account.
Item 9.01. Financial Statements and Exhibits.
| Exhibit No. | Description | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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: April 30, 2024
PLUTONIAN ACQUISITION CORP.
| By: | /s/ Wei Kwang Ng | |
| Name: | Wei Kwang Ng | |
| Title: | Chief Executive Officer |