Item 5.07. |
Submission of Matters to a Vote of Security Holders. |
At the Extraordinary General Meeting, holders of 24,144,029 ordinary shares, comprised of 18,394,029 Class A ordinary shares, par value $0.0001 per share (“Class A Ordinary Shares”), and 5,750,000 Class B ordinary shares, par value $0.0001 per share (together with Class A Ordinary Shares, the “Ordinary Shares”), were present in person or by proxy, representing approximately 83.98% of the voting power of the 28,750,000 issued and outstanding ordinary shares of Talon (“Outstanding Shares”) entitled to vote at the Extraordinary General Meeting as of the close of business on January 9, 2023, which was the record date for the Extraordinary General Meeting.
In connection with the Extraordinary General Meeting, shareholders properly elected to redeem an aggregate of 13,317,392 Class A Ordinary Shares at a redemption price of approximately $10.41 per share (the “Redemption”), for an aggregate redemption amount of approximately $138,639,176. Following such redemptions, approximately $100,799,675 will remain in the Talon trust account (the “Trust Account”), not including the extension payment of $330,000.
At the Extraordinary General Meeting, the Company’s shareholders approved the proposal to amend the Company’s Amended and Restated Memorandum and Articles of Association (the “Extension Amendment”) to give the Company the right to extend the date by which it has to consummate a business combination from February 8, 2023 up to 9 times for an additional one (1) month each time up to November 8, 2023 (i.e., for a period of time ending up to 24 months after the consummation of its initial public offering) (such proposal, the “Extension Amendment Proposal”).
The following is a tabulation of the votes with respect to the Extension Amendment Proposal, which was approved by the Company’s shareholders:
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Ordinary Shares Votes For |
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Ordinary Shares Votes Against |
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Ordinary Shares Abstentions |
23,187,925 |
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956,104 |
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0 |
The following is a tabulation of the votes with respect to the Trust Amendment Proposal, which was approved by the Company’s shareholders:
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Ordinary Shares Votes For |
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Ordinary Shares Votes Against |
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Ordinary Shares Abstentions |
23,187,925 |
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956,104 |
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0 |