IPO and Business Combination Timeline - The Company completed its Initial Public Offering on December 21, 2020, raising gross proceeds of 10.00 per unit[147]. - As of June 21, 2023, the Company extended the deadline to complete a Business Combination to March 20, 2024, following shareholder approval[152]. - The Business Combination Agreement with Noventiq Holdings PLC was amended and restated on December 29, 2023, outlining the merger process[161]. - The Company announced an Exchange Offer for global depositary receipts representing Noventiq ordinary shares, which expired on May 10, 2024[164]. - As of February 29, 2024, the Company extended the deadline for completing a Business Combination to June 30, 2024, with shareholder approval[155]. Shareholder Actions and Compliance - Shareholders redeemed 771,499 Class A ordinary shares in June 2023, resulting in redemption payments totaling approximately 10.48 per share[153]. - Following the June 2023 Extraordinary General Meeting, 419,938 Class A ordinary shares remained outstanding after redemptions[153]. - The Company has until June 24, 2024, to submit a plan to regain compliance with Nasdaq's minimum publicly held shares requirement[160]. Nasdaq Compliance and Listing Status - The Company received a notice from Nasdaq on December 18, 2023, regarding potential delisting due to non-compliance with the requirement to complete a Business Combination within 36 months of its IPO[157]. - On March 15, 2024, Nasdaq granted the Company an exception to its listing deficiencies until June 17, 2024, based on substantial steps taken towards closing its initial Business Combination[159].
Corner Growth Acquisition (COOL) - 2024 Q1 - Quarterly Report