Item 5.07. Submission of Matters to a Vote of Security Holders.

At the Extraordinary General Meeting (the "Extraordinary General Meeting") of Corner Growth Acquisition Corp., a Cayman Islands exempted company, which was held on December 20, 2022, holders of 38,673,258 of the Company's ordinary shares, which represents approximately 77.35% of the ordinary shares issued and outstanding and entitled to vote as of the record date of November 11, 2022, were represented in person or by proxy.

At the Extraordinary General Meeting, the shareholders approved a proposal, by special resolution under Cayman Islands law (the "Extension Proposal") to amend the Company's amended and restated memorandum and articles of association to (i) extend the date that the Company has to consummate a business combination from December 21, 2022 to June 21, 2023. The shareholders approved a proposal (the "Trust Amendment Proposal") to amend the Trust Agreement to change the date on which Continental must commence liquidation of the Trust Account from (A) the earlier of Corner Growth's completion of an initial business combination and December 21, 2022 to (B) the earliest of (i) Corner Growth's completion of an initial business combination, (ii) the Extended Date and (iii) the Amended Termination Date. The shareholders also approved a proposal, by an ordinary resolution under Cayman Islands law (the "Adjournment Proposal") to adjourn the Extraordinary General Meeting to a later date or dates, if necessary, to permit further solicitation and vote of proxies in the event that there are insufficient votes for, or otherwise in connection with the approval of the Extension Proposal.

Approval of Proposal 1-Extension Proposal





Votes For    Votes Against   Abstentions
38,020,856      652,402           0



Approval of Proposal 2-Trust Amendment Proposal





Votes For    Votes Against   Abstentions
38,020,877      652,381           0



Approval of Proposal 3-Adjournment Proposal





Votes For    Votes Against   Abstentions
37,963,963      709,295           0



In connection with the vote to approve the Extension Proposal, the holders of 38,808,563 Class A ordinary shares properly exercised their right to redeem their shares for cash at a redemption price of approximately $10.14407050 per share, for an aggregate redemption amount of approximately $393,676,799.08. Continental Stock Transfer & Trust Company may, in its discretion as trustee, elect to remit the redemption payments in one or more payments. As such, approximately 97.02% of the Class A ordinary shares were redeemed and approximately 2.98% of the Class A ordinary shares remain outstanding. After the satisfaction of such redemptions, the balance in the Company's trust account will be approximately $12,086,020.90.

Under Cayman Islands law, the amendment to the Articles took effect upon approval of the Extension Proposal. Accordingly, the Company now has until June 21, 2023 to consummate its initial business combination.

Item 9.01. Financial Statements and Exhibits.






  (d) Exhibits.




Exhibit
Number      Description
  3.1*        Extension Amendment, dated December 20, 2022, to the Amended and
            Restated Memorandum and Articles of Association of Corner Growth
            Acquisition Corp.
  10.1*       Amendment to Investment Management Trust Agreement, dated December 20,
            2022.
104         Cover Page Interactive Data File (formatted as Inline XBRL and contained
            in Exhibit 101)



* Previously filed.

© Edgar Online, source Glimpses