Item 5.03. Amendments to Articles of Incorporation or Bylaws? Change in Fiscal
Year.
On or about June 16, 2022, in connection with the Extraordinary General Meeting
(as defined below), Corner Growth Acquisition Corp. 2 (the "Company") will file
with the Registrar of Companies of the Cayman Islands ("Registrar") an amendment
(the "Extension Amendment") to its Amended and Restated Memorandum and Articles
of Association to (i) extend the date that the Company has to consummate a
business combination from June 21, 2022 to July 21, 2022 (the "Extended Date")
and (ii) allow the Company without another shareholder vote, to elect to extend
the date to consummate a business combination after the Extended Date on a
monthly basis for an additional eight months, through and until March 21, 2023.
The Company's shareholders approved the Extension Amendment at the Extraordinary
General Meeting on June 15, 2022. Upon approval of the Extension Proposal (as
defined below), the time period within which the Company has to consummate a
merger, capital stock exchange, asset acquisition, stock purchase,
reorganization or similar business combination was extended to March 21, 2023.
The foregoing description of the Extension Amendment is qualified in its
entirety by the full text of the Extension Amendment, which is filed as Exhibit
3.1 hereto and incorporated herein by reference.
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. 2, a Cayman Islands exempted company (the
"Company"), which was held on June 15, 2022, holders of 16,571,526 of the
Company's ordinary shares, which represents approximately 71.66% of the ordinary
shares issued and outstanding and entitled to vote as of the record date of May
20, 2022, were represented in person or by proxy.
At the Extraordinary General Meeting, the shareholders approved a special
resolution (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 June 21, 2022 to July 21,
2022 (the "Extended Date") and (ii) allow the Company without another
shareholder vote, to elect to extend the date to consummate a business
combination after the Extended Date on a monthly basis for an additional eight
months, through and until March 21, 2023 the ("Additional Extension Date"). The
shareholders also approved an ordinary resolution (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
16,119,648 300,028 151,850
Approval of Proposal 2-Adjournment Proposal
Votes For Votes Against Abstentions
16,117,497 302,179 151,850
In connection with the vote to approve the Extension Proposal, the holders of
11,093,735 Class A ordinary shares properly exercised their right to redeem
their shares for cash at a redemption price of approximately $10.01 per share,
for an aggregate redemption amount of approximately $111,062,537 million. As
such, approximately 59.97% of the Class A ordinary shares were redeemed and
approximately 40.03% 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 $74,146,226 million.
Under Cayman Islands law, the amendment to the Articles took effect upon
approval of the Extension Proposal. Accordingly, the Company now has until March
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 June 15, 2022, to the Amended and Restated
Certificate of Incorporation of Corner Growth Acquisition Corp.
3.2 Minutes of the Extraordinary General Meeting of the Company to amend
the Amended and Restated Memorandum and Articles of Association of the
Company.
104 Cover Page Interactive Data File (formatted as Inline XBRL and
contained in Exhibit 101)
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