APTM Files 8-K on Shareholder Vote Matters, Reg FD Disclosure
Ticker: PLMWF · Form: 8-K · Filed: Feb 2, 2024 · CIK: 1845550
Complexity: simple
Sentiment: neutral
Topics: corporate-governance, shareholder-vote, regulation-fd, spac
TL;DR
**APTM filed an 8-K about shareholder votes, signaling active corporate governance.**
AI Summary
Alpha Partners Technology Merger Corp. (APTM) filed an 8-K on February 2, 2024, reporting on events from January 29, 2024, specifically regarding the submission of matters to a vote of security holders and Regulation FD Disclosure. This filing indicates that the company is engaging with its shareholders on key decisions, which is a standard procedural step for a SPAC. For investors, this matters because it signals ongoing corporate governance and potential upcoming changes or approvals that could impact the company's future direction or merger plans.
Why It Matters
This filing indicates Alpha Partners Technology Merger Corp. is actively managing its corporate governance, which is crucial for a SPAC nearing a potential business combination. Investors should monitor for details on the specific matters voted upon, as these could directly influence the company's path forward.
Risk Assessment
Risk Level: low — This filing is procedural, reporting on standard corporate governance activities without indicating immediate financial distress or significant operational changes.
Analyst Insight
A smart investor would monitor Alpha Partners Technology Merger Corp.'s subsequent filings for details on the outcomes of the security holder votes, as these will reveal the company's strategic direction and potential merger progress.
Key Players & Entities
- Alpha Partners Technology Merger Corp. (company) — the registrant filing the 8-K
- January 29, 2024 (date) — date of earliest event reported
- February 2, 2024 (date) — date of filing the 8-K
- 001-40677 (other) — Commission File Number
- Cayman Islands (other) — jurisdiction of incorporation
Forward-Looking Statements
- Alpha Partners Technology Merger Corp. will soon announce the specific matters that were submitted to a vote of security holders. (Alpha Partners Technology Merger Corp.) — medium confidence, target: 2024-03-31
FAQ
What was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on January 29, 2024, as stated in the 'Date of Report (Date of earliest event reported): January 29, 2024' section.
What specific items were disclosed under 'ITEM INFORMATION' in this 8-K?
The 'ITEM INFORMATION' section of this 8-K disclosed 'Submission of Matters to a Vote of Security Holders' and 'Regulation FD Disclosure'.
What is the Commission File Number for Alpha Partners Technology Merger Corp.?
The Commission File Number for Alpha Partners Technology Merger Corp. is 001-40677, as indicated in the filing.
Where is Alpha Partners Technology Merger Corp. incorporated?
Alpha Partners Technology Merger Corp. is incorporated in the Cayman Islands, as stated in the filing under 'State or other jurisdiction of incorporation'.
What is the business address listed for Alpha Partners Technology Merger Corp.?
The business address listed for Alpha Partners Technology Merger Corp. is 2021 Fillmore St. #2089, San Francisco, California 94115, with a telephone number of (415) 683-6773.
Filing Stats: 820 words · 3 min read · ~3 pages · Grade level 12.8 · Accepted 2024-02-02 17:24:33
Key Financial Figures
- $0.0001 — ncluded as part of the Units, par value $0.0001 per share APTM The Nasdaq Stock Mar
- $11.50 — ordinary share at an exercise price of $11.50 APTMW The Nasdaq Stock Market LLC
Filing Documents
- ea192764-8k_alpha.htm (8-K) — 43KB
- 0001213900-24-009744.txt ( ) — 266KB
- aptm-20240129.xsd (EX-101.SCH) — 4KB
- aptm-20240129_def.xml (EX-101.DEF) — 27KB
- aptm-20240129_lab.xml (EX-101.LAB) — 37KB
- aptm-20240129_pre.xml (EX-101.PRE) — 25KB
- ea192764-8k_alpha_htm.xml (XML) — 8KB
07 Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders. On January 29, 2024, Alpha Partners Technology Merger Corp. (the "Company") held an extraordinary general meeting of shareholders to approve proposals to extend the date by which the Company has to consummate a business combination, change the name of the Company, and adjourn the extraordinary general meeting if necessary to solicit additional votes for the extension proposal, which proposals are more fully described in the definitive proxy statement filed by the Company with the Securities and Exchange Commission on January 10, 2024. Holders of 20,523,404 ordinary shares of the Company were present in person or by proxy at the meeting, representing approximately 90.6% of the voting power of the Company's ordinary shares as of the record date and constituting a quorum for the transaction of business. The voting results for the proposals are set forth below. Proposal No. 1 — Extension Amendment Proposal . The proposal was approved by the following vote: For Against Abstain Broker Non-Vote 15,102,848 2,289,058 3 0 Proposal No. 2 — Name Change Proposal . The proposal was approved by the following vote: For Against Abstain Broker Non-Vote 16,157,858 1,234,051 0 0 Proposal No. 3 — Adjournment Proposal . As there were sufficient votes to approve the extension amendment proposal at the extraordinary general meeting, the adjournment proposal was not presented to shareholders.
01 Other Events
Item 7.01 Other Events. In connection with the Company's extraordinary general meeting, the Company and Mercury Capital, LLC ("Mercury Capital") entered into non-redemption agreements with several unaffiliated third parties (the "Investors") on substantially the same terms as previously disclosed by the Company on the Current Report on Form 8-K filed on January 16, 2024. Pursuant to the non-redemption agreements, the Investors agreed not to redeem an aggregate of 1,324,720 Class A ordinary shares and Mercury Capital agreed to issue to the Investors an aggregate of 331,180 shares following the consummation of the Company's initial business combination. In addition, Mercury Capital and Alpha Partners Technology Merger Sponsor LLC intend to convert up to approximately 1,081,000 of their Class B ordinary shares of the Company into Class A ordinary shares. The foregoing summary of the non-redemption agreements does not purport to be complete and is qualified in its entirety by reference to the form of non-redemption agreement filed as Exhibit 10.1 on the Current Report on Form 8-K filed by the Company on January 16, 2024. 1
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 thereunto duly authorized. ALPHA PARTNERS TECHNOLOGY MERGER CORP. Date: February 2, 2024 By: /s/ Kanishka Roy Name: Kanishka Roy Title: President and Chief Executive Officer 2