Crown PropTech Acquisitions Announces Extraordinary General Meeting on February 8, 2024
Ticker: CPTKW · Form: DEF 14A · Filed: Feb 2, 2024 · CIK: 1827899
Complexity: simple
Sentiment: neutral
Topics: Crown PropTech Acquisitions, CPTKW, DEF 14A, Shareholder Meeting, Proxy Vote
TL;DR
<b>Crown PropTech Acquisitions is holding an Extraordinary General Meeting on February 8, 2024, and urges shareholders to submit their proxy votes.</b>
AI Summary
Crown PropTech Acquisitions (CPTKW) filed a Proxy Statement (DEF 14A) with the SEC on February 2, 2024. Crown PropTech Acquisitions will hold an Extraordinary General Meeting of shareholders on February 8, 2024, at 11:00 AM Eastern Time. The meeting will take place at the offices of Orrick, Herrington & Sutcliffe LLP in New York. Shareholders are urged to submit their proxy votes promptly by completing and returning the enclosed proxy card. The proxy statement is dated February 1, 2024, and was first mailed to shareholders on or about February 1, 2024. The meeting agenda includes voting on proposals to be presented to shareholders.
Why It Matters
For investors and stakeholders tracking Crown PropTech Acquisitions, this filing contains several important signals. Shareholder participation is crucial for the company to conduct business and vote on important proposals at the Extraordinary General Meeting. The prompt submission of proxy votes ensures that shareholder interests are represented and facilitates the company's decision-making processes.
Risk Assessment
Risk Level: low — Crown PropTech Acquisitions shows low risk based on this filing. The filing is a routine proxy statement for an upcoming shareholder meeting, with no immediate financial or operational risks indicated.
Analyst Insight
Shareholders should review the proxy materials and vote their shares to ensure their interests are represented at the Extraordinary General Meeting.
Key Numbers
- February 8, 2024 — Extraordinary General Meeting Date (Date of the shareholder meeting.)
- 11:00 AM — Meeting Time (Time of the shareholder meeting.)
- February 1, 2024 — Proxy Statement Date (Date the proxy statement was issued.)
Key Players & Entities
- Crown PropTech Acquisitions (company) — Registrant and filer of the proxy statement.
- CPTKW (company) — Ticker symbol for Crown PropTech Acquisitions.
- February 8, 2024 (date) — Date of the Extraordinary General Meeting.
- February 1, 2024 (date) — Date of the proxy statement and mailing.
- Orrick, Herrington & Sutcliffe LLP (company) — Location of the Extraordinary General Meeting.
- New York (location) — Location of the meeting and company address.
FAQ
When did Crown PropTech Acquisitions file this DEF 14A?
Crown PropTech Acquisitions filed this Proxy Statement (DEF 14A) with the SEC on February 2, 2024.
What is a DEF 14A filing?
A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by Crown PropTech Acquisitions (CPTKW).
Where can I read the original DEF 14A filing from Crown PropTech Acquisitions?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by Crown PropTech Acquisitions.
What are the key takeaways from Crown PropTech Acquisitions's DEF 14A?
Crown PropTech Acquisitions filed this DEF 14A on February 2, 2024. Key takeaways: Crown PropTech Acquisitions will hold an Extraordinary General Meeting of shareholders on February 8, 2024, at 11:00 AM Eastern Time.. The meeting will take place at the offices of Orrick, Herrington & Sutcliffe LLP in New York.. Shareholders are urged to submit their proxy votes promptly by completing and returning the enclosed proxy card..
Is Crown PropTech Acquisitions a risky investment based on this filing?
Based on this DEF 14A, Crown PropTech Acquisitions presents a relatively low-risk profile. The filing is a routine proxy statement for an upcoming shareholder meeting, with no immediate financial or operational risks indicated.
What should investors do after reading Crown PropTech Acquisitions's DEF 14A?
Shareholders should review the proxy materials and vote their shares to ensure their interests are represented at the Extraordinary General Meeting. The overall sentiment from this filing is neutral.
How does Crown PropTech Acquisitions compare to its industry peers?
Crown PropTech Acquisitions is a special purpose acquisition company (SPAC) focused on the property technology sector.
Are there regulatory concerns for Crown PropTech Acquisitions?
This filing is a Schedule 14A (DEF 14A) under the Securities Exchange Act of 1934, requiring public companies to provide detailed information to shareholders for meetings.
Industry Context
Crown PropTech Acquisitions is a special purpose acquisition company (SPAC) focused on the property technology sector.
Regulatory Implications
This filing is a Schedule 14A (DEF 14A) under the Securities Exchange Act of 1934, requiring public companies to provide detailed information to shareholders for meetings.
What Investors Should Do
- Shareholders should review the proxy statement for details on the proposals to be voted on.
- Complete and return the proxy card before the meeting date to ensure your vote is counted.
- Attend the Extraordinary General Meeting on February 8, 2024, or ensure your proxy is submitted.
Key Dates
- 2024-02-08: Extraordinary General Meeting — Shareholders will vote on company proposals.
- 2024-02-01: Proxy Statement Date — Date the proxy statement was issued and mailed.
Year-Over-Year Comparison
This is a DEF 14A filing for an upcoming shareholder meeting, indicating routine corporate governance activities.
Filing Stats: 4,331 words · 17 min read · ~14 pages · Grade level 20 · Accepted 2024-02-01 18:32:27
Key Financial Figures
- $0.0001 — ass A ordinary shares, par value $0.0001 per share, of the Company (“Clas
- $100,000 — shall be net of taxes payable and up to $100,000 of interest to pay dissolution expenses
- $45,065,841 — x00a0;31, 2023, which was approximately $45,065,841, the Company estimates that the per -sh
- $10.74 — the Trust Account will be approximately $10.74 at the time of the Extraordinary Genera
- $10.80 — Ordinary Share on January 29, 2024 was $10.80. The Company cannot assure shareholders
- $5,000,001 — blic shares causes us to have less than $5,000,001 of net tangible assets following approv
Filing Documents
- def14a0124_crownprop.htm (DEF 14A) — 938KB
- tproxy_001.jpg (GRAPHIC) — 1038KB
- tproxy_002.jpg (GRAPHIC) — 1008KB
- 0001213900-24-009178.txt ( ) — 3757KB
From the Filing
DEF 14A 1 def14a0124_crownprop.htm PROXY STATEMENT    UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ________________ SCHEDULE 14A ________________ Information Required in Proxy Statement Schedule 14A Information Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant   Filed by a Party other than the Registrant   Check the appropriate box:   Preliminary Proxy Statement   Confidential, for Use of the Commission Only (as permitted by Rule 14a -6 (e)(2))   Definitive Proxy Statement   Definitive Additional Materials   Soliciting Material Pursuant to §240.14a -12   Crown PropTech Acquisitions (Name of Registrant as Specified In Its Charter) _________________________________________________________________ (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box):   No fee required.   Fee paid previously with preliminary materials.   Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a6(i)(1) and 0 -11 .   Table of Contents CROWN PROPTECH ACQUISITIONS 40 West 57 th Street, 29 th Floor New York, NY 10019 PROXY STATEMENT FOR EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS OF CROWN PROPTECH ACQUISITIONS Dear Shareholders of Crown PropTech Acquisitions: You are cordially invited to attend the Extraordinary General Meeting (the “Extraordinary General Meeting”) of shareholders of Crown PropTech Acquisitions, a Cayman Islands exempted company (the “Company,” “Crown,” “we,” “us” or “our”), to be held on February 8, 2024, at 11:00 AM, Eastern Time, at the offices of Orrick, Herrington & Sutcliffe LLP, located at 51 West 52 nd Street, New York, New York 10019, or at such other time, on such other date and at such other place to which the meeting may be postponed or adjourned. The accompanying proxy statement is dated February 1, 2024, and is first being mailed to shareholders of the Company on or about February 1, 2024. Please promptly submit your proxy vote by completing, dating, signing and returning the enclosed proxy, so that your shares will be represented at the Extraordinary General Meeting. It is strongly recommended that you complete and return your proxy card before the Extraordinary General Meeting date to ensure that your shares will be represented at the Extraordinary General Meeting. Instructions on how to vote your shares are on the proxy materials you received for the Extraordinary General Meeting. The Extraordinary General Meeting is being held to consider and vote upon the following proposals: (a)       as a special resolution, to amend and restate the Company’s Second Amended and Restated Memorandum and Articles of Association (the “Charter”) pursuant to a Third Amended and Restated Memorandum and Articles of Association in the form set forth in Annex A of the accompanying proxy statement (the “Amended Charter”) to extend the date by which the Company must (1) consummate a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination (an “initial business combination”), (2) cease all operations except for the purpose of winding up if it fails to complete such initial business combination, and (3) redeem all of the Class A ordinary shares, par value $0.0001 per share, of the Company (“Class A Ordinary Shares” or “public shares”) included as part of the units sold in the Company’s initial public offering that was consummated on February 11, 2021 (the “IPO”) from February 11, 2024 to August 11, 2024 (the “Extension,” such date, the “Extended Date” and such proposal, the “Extension Proposal”); and (b)      as an ordinary resolution, to approve the adjournment of the Extraordinary General Meeting to a later date or dates, if necessary or convenient, 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 (the “Adjournment Proposal”), which will only be presented at the Extraordinary General Meeting if, based on the tabulated votes, there are not sufficient votes at the time of the Extraordinary General Meeting to approve the Extension Proposal, in which case