Item 8.01 Other Events.
On October 23, 2022, Ignyte Acquisition Corp., a Delaware corporation (the
"Company" or "Ignyte"), determined to postpone the Company's special meeting of
its stockholders (the "Special Meeting"), relating to approval of that certain
business combination agreement dated as of April 28, 2022 (as amended,
supplemented or otherwise modified from time to time in accordance with its
terms, the "Business Combination Agreement") by and among Ignyte, Ignyte Korea
Co., Ltd., a corporation organized under the laws of the Republic of Korea, and
Peak Bio Co., Ltd., a corporation organized under the laws of the Republic of
Korea, and the transactions contemplated therein, from the previously scheduled
date of Monday, October 24, 2022. Capitalized terms used but not defined herein
shall have the meanings ascribed to such terms in the Business Combination
Agreement.
The Special Meeting will now be held on Tuesday, October 25, 2022, at 9:30 a.m.
Eastern Time. There is no change to the location, the record date, the purpose
or any of the proposals to be acted upon at the Special Meeting. The
live-webcast for the Special Meeting will be available by visiting
https://www.cstproxy.com/ignytespac/2022.
The postponement will provide the Company's stockholders additional time to
evaluate information regarding the Ignyte Proposals.
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