Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
The information included in Item 5.07 is incorporated by reference in this item to the extent required.
Item 5.07. Submission of Matters to a Vote of Security Holders.
OnMarch 16, 2023 ,BYTE Acquisition Corp. (the "Company") held an extraordinary general meeting of shareholders (the "Extraordinary General Meeting"). At the Extraordinary General Meeting, the Company's shareholders approved amendments to the Company's Amended and Restated Memorandum and Articles of Association (the "Articles Amendments") to extend the date by which the Company must complete a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination involving the Company and one or more businesses (a "business combination") fromMarch 23, 2023 toSeptember 25, 2023 and to provide for the right of a holder of the Company's Class B ordinary shares to convert into Class A ordinary shares on a one-for-one basis prior to the closing of an initial business combination.
The following is a tabulation of the votes with respect to the Extension Proposal and the Founder Share Amendment Proposal, which were approved by the Company's shareholders:
1. The Extension Proposal. A proposal to amend the Company's Amended and
Restated Memorandum and Articles of Association (the "Articles") to extend
the date by which the Company must (1) consummate a merger, share
exchange, asset acquisition, share purchase, reorganization or similar
business combination (an "initial business combination"), (2) cease its
operations except for the purpose of winding up if it fails to complete
such initial business combination, and (3) redeem all of the Class A
ordinary shares, from
Date"). The Extension Proposal was approved. The final voting tabulation
for this proposal was as follows: For Against Abstain 28,248,645 898,679 0
2. The Founder Share Amendment Proposal. A proposal to amend the Company's
Articles to provide for the right of a holder of the Company's Class B
ordinary shares to convert into Class A ordinary shares on a one-for-one
basis prior to the closing of an initial business combination at the
election of the holder. The Founder Share Amendment Proposal was approved.
The final voting tabulation for this proposal was as follows: For Against Abstain 28,248,645 898,679 0
In connection with the Extraordinary General Meeting, shareholders holding an aggregate of 30,006,034 shares of the Company's Class A ordinary shares exercised their right to redeem their shares for approximately$10.18 per share of the funds held in the Company's trust account, leaving approximately$24 million in cash in the trust account after satisfaction of such redemptions.
In addition, on
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits. Exhibit No. Description
3.1 Amendment to the Registrant's Amended and Restated Memorandum and Articles of Association.
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