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ClimateRock, a company operating under the blank check classification, announced the results of its extraordinary general meeting of shareholders that took place on April 30 and May 1, 2025. The meeting focused on three key proposals, all of which were approved by the company’s shareholders.
The first proposal, known as the Extension Amendment Proposal, was to amend ClimateRock’s Articles to extend the deadline for completing an initial business combination from May 2, 2025, to November 2, 2025. This proposal received 2,836,541 votes for, 543,267 votes against, and no abstentions.
The second proposal, titled the Redemption Limitation Amendment Proposal, aimed to amend the Articles to remove the limitation preventing the company from redeeming public shares if it would result in net tangible assets of less than $5,000,001. This amendment was designed to allow the company to redeem public shares irrespective of the Redemption Limitation. The proposal passed with 2,686,268 votes for, 407,800 against, and 285,740 abstentions.
The third proposal, known as the Adjournment Proposal, sought approval to adjourn the Meeting to a later date if necessary to solicit additional proxy votes. Similar to the first proposal, it received 2,836,541 votes for, 543,267 against, and no abstentions.
During the Meeting, shareholders holding 2,058,545 Public Shares exercised their right to redeem their shares for a pro rata portion of the funds in the Trust Account, estimated to be approximately $12.17 per share. Consequently, about $25.06 million will be withdrawn from the Trust Account to pay these holders, leaving 406,678 Public Shares issued and outstanding.
The Articles Amendment was filed with the Cayman Islands Registrar of Companies on May 2, 2025. The final per-share redemption amount is being calculated and will be disclosed if materially different from the estimated amount.
This news is based on a press release statement and further details can be found in the company’s SEC filing.
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