UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 26, 2023 (October 20, 2023)
ExcelFin Acquisition Corp.
(Exact name of registrant as specified in its charter)
| Delaware | | 001-40933 | | 86-2933776 |
(State or other jurisdiction
of incorporation) | | (Commission File Number) | | (IRS. Employer
Identification No.) |
100 Kingsley Park Drive
Fort Mill, South Carolina | | 29715 |
| (Address of principal executive office) | | (Zip Code) |
(917) 209-8581
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:
| Title of each class | | Trading Symbol(s) | | Name of each exchange on which
registered |
| Units, each consisting of one share of Class A common stock and one-half of one redeemable warrant | | XFINU | | The Nasdaq Stock Market |
| Class A common stock, par value $0.0001 per share | | XFIN | | The Nasdaq Stock Market |
| Redeemable warrants, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50 | | XFINW | | The Nasdaq Stock Market |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company x
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
| Item 5.07 | Submission of Matters to a Vote of Security Holders |
On October 20, 2023, ExcelFin Acquisition Corp. (the “Company”) held a special meeting (the “Special Meeting”) virtually, solely with respect to voting on the proposal to extend the date by which the Company must complete its initial business combination from October 25, 2023 to April 25, 2024 (the “Extension Amendment Proposal”).
At the Special Meeting, in person or by proxy, the holders of 9,372,869 shares of Class A common stock and Class B common stock (together, “Common Stock”) constituted 88.94% of the issued and outstanding voting capital stock of the Company entitled to vote, and, therefore, a quorum was present at the Special Meeting.
The following is a brief description of the final voting results for each of the proposals submitted to a vote of the stockholders at the Special Meeting.
Extension Amendment Proposal
To consider and vote upon a proposal to amend the Company’s amended and restated certificate of incorporation to extend the date by which the Company must effectuate an initial business combination from October 25, 2023 to April 25, 2024, comprised of an initial three-month extension and three subsequent one-month extensions, for a total of six months.
The Extension Amendment Proposal was approved. The voting results of the shares of the Common Stock were as follows:
| For | | | Against | | | Abstentions | |
| 9,089,012 | | | 283,857 | | | 0 | |
In connection with the vote to approve the Extension Amendment Proposal, the holders of 2,587,259 shares of Class A common stock properly exercised their rights to redeem their shares for cash.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits. The following exhibits are filed with this Form 8-K:
| Exhibit No. | | Description of Exhibits |
| | | |
| 104 | | Cover Page Interactive Data File |
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.
| Date: October 26, 2023 | ExcelFin Acquisition Corp. |
| | |
| | By: | /s/ Joe Ragan |
| | Name: | Joe Ragan |
| | Title: | Chief Executive Officer & Chief Financial Officer |
