UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a)
of the
Securities Exchange Act of 1934
Filed by the Registrant x
Filed by a Party other than the Registrant ¨
Check the appropriate box:
¨ | Preliminary Proxy Statement |
¨ | Confidential, for Use of the Commission Only (as permitted
by Rule 14a-6(e)(2)) |
¨ | Definitive Proxy Statement |
x | Definitive Additional Materials |
¨ | Soliciting Material Pursuant to Section 240.14a-12 |
EXCELFIN ACQUISITION CORP.
(Name of Registrant as Specified In Its Charter)
(Name of Person(s) Filing Proxy Statement, if other
than the Registrant)
Payment of Filing Fee (Check the appropriate box):
x | No fee required. |
¨ | Fee
paid previously with preliminary materials |
¨ | Fee computed on table in exhibit required by Item 25(b) per Exchange
Act Rules 14a-6(i)(1) and 0-11. |
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): July 17, 2024
ExcelFin Acquisition Corp.
(Exact name of registrant as specified in its charter)
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Delaware
(State or other jurisdiction
of incorporation)
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001-40933
(Commission
File Number)
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86-2933776
(I.R.S. Employer
Identification No.)
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100 Kingsley Park Dr
Fort Mill, South Carolina
(Address of principal executive offices) |
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29715
(Zip Code)
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(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 |
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Trading
Symbol(s) |
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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 |
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XFINU |
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The Nasdaq Stock Market |
Class A common stock, par value $0.0001 per share |
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XFIN |
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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 |
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XFINW |
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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. ¨
On July 17, 2024, ExcelFin Acquisition Corp.,
a Delaware corporation (“we”, “us”, “our”, or the “Company”), announced that the special
meeting of the stockholders of the Company originally scheduled for July 18, 2024 (the “Special Meeting”) has been postponed
to 10:00 a.m. Eastern time on July 24, 2024. The Company has previously called and provided a notice of the Special Meeting to consider
and vote upon the matters described in the Company’s definitive proxy statement filed with the Securities and Exchange Commission
(the “SEC”) on June 25, 2024 (the “Proxy Statement”). At the Special Meeting, stockholders will be asked to vote
to amend the Company’s amended and restated certificate of incorporation (the “Charter”) pursuant to a fourth amendment
to the Charter (the “Extension Amendment” and such proposal, the “Extension Amendment Proposal”) to extend the
date by which the Company must effectuate an initial business combination (“initial business combination”) from July 25,
2024 (the “Termination Date”) to December 25, 2024, comprised of five one-month extensions (each an “Extension”),
for a total of five months after the Termination Date.
The record date for the stockholders to vote at
the Special Meeting remains the close of business on June 21, 2024 (the “Record Date”). Stockholders who have previously submitted
their proxy or otherwise voted need not vote again.
You may vote again or change your vote by sending
a later-dated, signed proxy card to the Company at ExcelFin Acquisition Corp., 100 Kingsley Park Dr, Fort Mill, South Carolina 29715,
so that it is received prior to the Special Meeting or by attending the Special Meeting in person and voting (including by virtual means
as provided below). You also may revoke your proxy by sending a notice of revocation to the same address, which must be received by the
Company prior to the Special Meeting.
As a result of this change, the Special Meeting
will now be held at 10:00 a.m., Eastern Time, on July 24, 2024, exclusively via live webcast at https://web.lumiconnect.com/276796335.
You will need the passcode “excelfin2024” and the 16-digit meeting control number that is printed on your proxy card to enter
the Special Meeting. Also as a result of this change, the date and time by which stockholders seeking to exercise redemption rights must
tender their public shares physically or electronically and submit a request in writing that the Company redeem their public shares for
cash to the Company’s transfer agent, Equinity Trust Company, LLC, is being extended to 5:00 p.m., Eastern Time, on July 22, 2024.
About ExcelFin Acquisition Corp.
ExcelFin Acquisition Corp. is blank check company
formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business
combination with one or more businesses.
On June 26, 2026, we entered into a Business
Combination Agreement (“Business Combination Agreement”) with Betters Medical Investment Holdings Limited, a Cayman Islands
exempted company (“Baird Medical”), Tycoon Choice Global Limited, a business company limited by shares incorporated under
the laws of the British Virgin Islands and a wholly owned subsidiary of Baird Medical (“Tycoon”), Baird Medical Investment
Holdings Limited, a Cayman Islands exempted company and a wholly owned subsidiary of Baird Medical (“PubCo”), Betters Medical
Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of PubCo (“Merger Sub”) (as it may be amended from
time to time, the “Business Combination Agreement”). The transactions contemplated by the Business Combination Agreement we
refer to herein as the “Business Combination.”
We are not asking you to vote on the Business Combination at the
Special Meeting. The Business Combination will be submitted to stockholders of the Company for their consideration. On
August 21, 2023, PubCo filed a Registration Statement on Form F-4 with the Securities and Exchange Commission
(“SEC”), which includes preliminary proxy statement and a definitive proxy statement, to be distributed to the
Company’s stockholders in connection with the Company’s solicitation for proxies for the vote by the Company’s
stockholders in connection with the Business Combination and other matters as described in the definitive proxy statement. After the
Registration Statement on Form F-4 has been declared effective, the Company will mail a definitive proxy statement and other
relevant documents to its stockholders as of the record date established for voting on the Business Combination. The Company’s
stockholders and other interested persons are advised to read the preliminary proxy statement and any amendments thereto and, once
available, the definitive proxy statement, in connection with the Company’s solicitation of proxies for its special meeting of
stockholders to be held to approve, among other things, the Business Combination, because these documents will contain important
information about the Company and the Business Combination. Stockholders may also obtain a copy of the preliminary or definitive
proxy statement, once available, as well as other documents filed with the SEC regarding the Business Combination and other
documents filed with the SEC by the Company, without charge, at the SEC’s website located at www.sec.gov.
Additional Information and Where to Find It
The definitive proxy statement for the extension
of the initial business combination deadline has been mailed to the Company’s stockholders. INVESTORS AND SECURITY HOLDERS ARE ADVISED
TO READ THE DEFINITIVE PROXY STATEMENT AND OTHER RELEVANT MATERIALS BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY. Investors
and security holders may obtain free copies of these documents and other documents filed with the SEC at the SEC’s web site at www.sec.gov.
In addition, the documents filed by the Company with the SEC may be obtained free of charge by contacting Company at 100 Kingsley Park
Dr., Fort Mill, South Carolina 29715. If you have questions about the proposals or if you need additional copies of the Proxy Statement
you should contact our proxy solicitor:
Morrow Sodali LLC
333 Ludlow Street, 5th Floor, South Tower
Stamford, Connecticut 06902
Stockholders may call toll-free: (800) 662-5200
Banks and Brokerage Firms, please call: (203)
658-9400
Email: xfin.info@investor.morrowsodali.com
Participants in the Solicitation
The Company and its sponsor, officers and directors
may be deemed to be participants in the solicitation of proxies from Company stockholders. Information about Company’s sponsor,
officers and directors and their ownership of Company common stock is set forth in the proxy statement for Company’s Special Meeting
of Stockholders, which was filed with the SEC on June 25, 2024, and in Company’s Annual Report on Form 10-K for the year ended
December 31, 2023, which was filed with the SEC on March 14, 2024. Investors and security holders may obtain more detailed information
regarding the direct and indirect interests of the participants in the solicitation of proxies in connection with the transaction by reading
the preliminary and definitive proxy statements regarding the transaction, which were filed by the Company with the SEC.
Non-Solicitation
This Current Report on Form 8-K is not a
proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the Special Meeting
shall not constitute an offer to sell or a solicitation of an offer to buy the securities of the Company, nor shall there be any sale
of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration
or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus
meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
Item 9.01 |
Financial Statements and Exhibits. |
(d) Exhibits
The following exhibit is filed herewith:
Exhibit No. |
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Description of Exhibits |
104 |
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Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURE
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.
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ExcelFin Acquisition Corp. |
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Date: July 17, 2024 |
By: |
/s/ Joe Ragan |
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Name: |
Joe Ragan |
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Title: |
Chief Executive Officer & Chief Financial Officer |
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