Insight Acquisition Corp. Files 8-K on Shareholder Votes & Exhibits

Ticker: AMODW · Form: 8-K · Filed: Oct 15, 2024 · CIK: 1862463

Sentiment: neutral

Topics: corporate-action, filing, securities

Related Tickers: INAQ

TL;DR

Insight Acquisition Corp. filed an 8-K detailing shareholder votes and financial exhibits, including warrant details.

AI Summary

Insight Acquisition Corp. filed an 8-K on October 15, 2024, reporting on matters submitted to a vote of security holders and financial statements/exhibits. The filing pertains to the company's common stock and redeemable warrants, with a par value of $0.0001 per share for the common stock. The exercise price for the redeemable warrants is $11.50.

Why It Matters

This filing provides updates on corporate actions and financial reporting for Insight Acquisition Corp., which could impact investors' understanding of the company's structure and potential future transactions.

Risk Assessment

Risk Level: low — This is a routine filing reporting on corporate actions and financial exhibits, not indicating any immediate material adverse events.

Key Numbers

Key Players & Entities

FAQ

What specific matters were submitted to a vote of security holders?

The filing indicates 'Submission of Matters to a Vote of Security Holders' as an item, but the specific details of the matters voted upon are not elaborated in the provided text.

What are the key components of the 'INAQ:Units' mentioned in the filing?

The filing describes 'INAQ:Units' as each consisting of one share of Class Common Stock and one-half of one Redeemable Warrant.

What is the par value of Insight Acquisition Corp.'s Class Common Stock?

The par value of Insight Acquisition Corp.'s Class Common Stock is $0.0001 per share.

What is the exercise price for the redeemable warrants?

The redeemable warrants are exercisable for one share of Class Common Stock at an exercise price of $11.50.

What is the filing date and reporting period for this 8-K?

This 8-K was filed on October 15, 2024, and the date of the earliest event reported is October 14, 2024.

Filing Stats: 2,150 words · 9 min read · ~7 pages · Grade level 14.8 · Accepted 2024-10-15 09:17:34

Key Financial Figures

Filing Documents

07. Submission of Matters to a Vote

Item 5.07. Submission of Matters to a Vote of Security Holders. On October 14, 2024, Insight Acquisition Corp. (the "Company") held its special meeting of stockholders (the "Special Meeting") for the purpose of approving the proposals set forth in the Company's definitive proxy statement filed with the U.S. Securities and Exchange Commission on September 18, 2024 (the "Proxy Statement"). The only matter presented at the Special Meeting was to adjourn the Special Meeting to Tuesday, October 29, 2024 at 11:00 a.m. On September 18, 2024, the record date for the Special Meeting, there were 6,519,080 shares of common stock of the Company entitled to be voted at the Special Meeting, consisting of 5,619,080 shares of Class A common stock and 900,000 shares of Class B common stock voting together as a single class (the "common stock"). At the Special Meeting there were 5,512,500 shares of common stock of the Company or 84.56 % of the common stock of the Company entitled to be voted at the Special Meeting, which were represented in person or by proxy. The Chairman proposed to adjourn the Special Meeting to Tuesday, October 29, 2024 at 11:00 a.m. and 5,512,500 shares of common stock of the Company were voted in favor of the adjournment, and that such number constituted a majority of the issued and outstanding shares of common stock present in person or represented by proxy and entitled to vote and voted at the Special Meeting. Accordingly, the Special Meeting was adjourned to Tuesday, October 29, 2024 at 11:00 a.m. In connection with the adjournment of the Special Meeting, the Company also extended the deadline for stockholders of the Company to exercise their redemption rights to Friday, October 25, 2024 at 5:00 p.m. Accordingly, all stockholders have until October 25, 2024 at 5:00 p.m. to redeem their shares and any stockholder who has previously tendered its shares for redemption and now decides that it does not want to redeem its shares may withdraw such redemption re

Forward-Looking Statements

Forward-Looking Statements This press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Insight's and Alpha Modus' actual results may differ from their expectations, estimates, and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue," and similar expressions (or the negative versions of such words or expressions) are intended to identify such forward-looking statements, but are not the exclusive means of identifying these statements. These forward-looking statements include, without limitation, Insight's and Alpha Modus' expectations with respect to future performance and anticipated financial impacts of the proposed Business Combination, the satisfaction of the closing conditions to the proposed Business Combination, and the timing of the completion of the proposed Business Combination. 2 These forward-looking the forward-looking statements. Most of these factors are outside Insight's and Alpha Modus' control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) the occurrence of any event, change, or other circumstances that could give rise to the termination of the business combination agreement between Insight and Alpha Modus (the "BCA"); (2) the outcome of any legal proceedings that may be instituted against Insight and Alpha Modus following the announcement of the BCA and the transactions contemplated therein; (3) the inability to complete the proposed the proposed Business Combination, including due to failu

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. EXHIBIT NO. DESCRIPTION 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 3

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: October 15, 2024 INSIGHT ACQUISITION CORP. By: /s/ Michael Singer Name: Michael Singer Title: Executive Chairman and Chief Executive Officer 4

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