HPX CORP. : Entry into a Material Definitive Agreement, Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits (form 8-K)

Item 1.01 Entry into a Material Definitive Agreement

On July 14, 2022, in connection with its Extraordinary General Meeting held on July 14, 2022 (the "Extraordinary General Meeting"), HPX Corp. (the "Company") and Continental Stock Transfer & Trust Company (the "Trustee") entered into Amendment No. 1 to the Investment Management Trust Agreement, dated as of July 15, 2020, to (i) extend the date before which the Company must complete a business combination (as defined below) from July 20, 2022 to November 20, 2022 and (ii) extend the date on which the Trustee must liquidate the trust account established in connection with the Company's initial public offering if the Company has not completed its initial business combination from July 20, 2022 to November 20, 2022 (the "Trust Amendment"). A copy of the Trust Amendment is attached to this Current Report on Form 8-K as Exhibit 10.1 and incorporated herein by reference.

Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

The information disclosed 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 herein.

Item 5.07 Submission of Matters to a Vote of Security Holders

At the Extraordinary General Meeting, which was held on July 14, 2022, holders of 25,516,267 of the Company's ordinary shares, which represents approximately 80.7% of the ordinary shares outstanding and entitled to vote as of the record date of June 16, 2022, were represented in person or by proxy.

At the Extraordinary General Meeting, the shareholders approved (1) a special resolution to amend the Amended and Restated Memorandum and Articles of Association of the Company (the "Extension Amendment") to extend the date by which the Company must (a) consummate a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses (a "business combination"), (b) cease its operations except for the purpose of winding up if it fails to complete such business combination, and (c) redeem all of the Company's Class A ordinary shares included as part of the units sold in the Company's initial public offering from July 20, 2022 to November 20, 2022 and (2) the proposals for the Trust Amendment. A copy of the Extension Amendment is attached to this Current Report on Form 8-K as Exhibit 3.1 and incorporated herein by reference.

Approval of Extension Amendment

Votes For  Votes Against Abstentions
25,277,669 238,598       0




Approval of Trust Amendment



Votes For  Votes Against Abstentions
25,277,669 238,598       0

In connection with the vote to approve the Extension Amendment, the holders of 19,472,483 Class A ordinary shares properly exercised their right to redeem their shares for cash at a redemption price of approximately $10.018 per share, for an aggregate redemption amount of approximately $195.1 million, leaving approximately $58.4 million in the trust account.

The information included in Item 1.01 is incorporated by reference in this item to the extent required herein.

The 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 were insufficient votes for, or otherwise in connection with, the Extension Amendment proposal or the Trust Amendment proposal, was not presented at the Extraordinary General Meeting, as the Extension Amendment proposal and the Trust Amendment proposal received a sufficient number of votes required for approval.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.



Exhibit No.                                Description

  3.1           Amendment to Amended and Restated Memorandum and Articles of
              Association

  10.1          Amendment No. 1, dated as of July 14, 2022, to the Investment
              Management Trust Agreement, dated as of July 15, 2020, between the
              Company and Continental Stock Transfer & Trust Company, as trustee

104           Cover Page Interactive Data File (embedded within the Inline XBRL
              document)

© Edgar Online, source Glimpses