Form 8-K - Current report
October 12 2023 - 5:15PM
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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 11, 2023
Schultze Special
Purpose Acquisition Corp. II
(Exact name of registrant as specified in its charter)
Delaware |
|
001-40891 |
|
86-1206818 |
(State or other jurisdiction |
|
(Commission File Number) |
|
(I.R.S. Employer |
of incorporation) |
|
|
|
Identification No.) |
800 Westchester Avenue, Suite S-632
Rye Brook, NY |
|
10573 |
(Address of principal executive offices) |
|
(Zip Code) |
(914) 701-5260
(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 Act:
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 |
|
SAMAU |
|
The Nasdaq Stock Market LLC |
Class A Common Stock, par value $0.0001 per share |
|
SAMA |
|
The Nasdaq Stock Market LLC |
Warrants, each whole warrant exercisable for one share of Class A Common Stock at an exercise price of $11.50 |
|
SAMAW |
|
The Nasdaq Stock Market LLC |
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 ☒
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 8.01. Other Events.
As previously announced, Schultze
Special Purpose Acquisition Corp. II (the “Company”) set a redemption date of October 11, 2023 (the “Redemption Date”)
to redeem all of the outstanding shares of its Class A common stock issued as part of the units sold in the Company’s initial public
offering (the “public shares”) because the Company’s board of directors determined that the Company would not be able
to consummate an initial business combination within the time period set forth in the Company’s charter.
On the Redemption Date, the
trust account established in connection with the Company’s initial public offering was liquidated and all of the outstanding public
shares were redeemed at a per-share redemption price of approximately $10.57 per share. The Company’s initial stockholders waived
their redemption rights and any right to receive liquidating distributions with respect to the shares of Class A common stock issued upon
conversion of the shares of Class B common stock issued prior to the Company’s initial public offering. There are no redemption
rights or liquidating distributions with respect to the Company’s warrants, which expire worthless.
Additionally, on the Redemption
Date, The Nasdaq Stock Market LLC (“Nasdaq”) filed a Form 25 with the U.S. Securities and Exchange Commission (the “SEC”)
to delist the Company’s units, Class A common stock and warrants, and trading of such securities on Nasdaq was suspended as of the
close of business. The Company expects to file a Form 15 with the SEC to terminate the registration of its securities under the Securities
Exchange Act of 1934, as amended, and to pursue the winding up and dissolution of the Company. The Company’s securities will not
be listed or registered on another national exchange or on a quotation medium.
Forward-Looking Statements
This Current Report on Form
8-K includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities
Litigation Reform Act of 1995. Certain of these forward-looking statements can be identified by the use of words such as “believes,”
“expects,” “intends,” “plans,” “estimates,” “assumes,” “may,”
“should,” “will,” “seeks,” or other similar expressions. Such statements may include, but are not
limited to, statements regarding the Company’s expected filing of a Form 15 with the SEC or the winding up and dissolution of the
Company. These statements are based on current expectations on the date of this Current Report on Form 8-K and involve a number of risks
and uncertainties that may cause actual results to differ significantly, including those risks set forth in the Company’s most recent
Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q and other documents filed with the SEC. Copies of such filings
are available on the SEC’s website at www.sec.gov. The Company does not assume any obligation to update or revise any such forward-looking
statements, whether as the result of new developments or otherwise. Readers are cautioned not to put undue reliance on forward-looking
statements.
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.
|
SCHULTZE SPECIAL PURPOSE ACQUISITION CORP. II |
|
|
|
By: |
/s/ George J. Schultze |
|
Name: |
George J. Schultze |
|
Title: |
Chief Executive Officer |
Date: October 12, 2023
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Oct. 11, 2023 |
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Document Period End Date |
Oct. 11, 2023
|
Entity File Number |
001-40891
|
Entity Registrant Name |
Schultze Special
Purpose Acquisition Corp. II
|
Entity Central Index Key |
0001843100
|
Entity Tax Identification Number |
86-1206818
|
Entity Incorporation, State or Country Code |
DE
|
Entity Address, Address Line One |
800 Westchester Avenue
|
Entity Address, Address Line Two |
Suite S-632
|
Entity Address, City or Town |
Rye Brook
|
Entity Address, State or Province |
NY
|
Entity Address, Postal Zip Code |
10573
|
City Area Code |
914
|
Local Phone Number |
701-5260
|
Written Communications |
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Pre-commencement Tender Offer |
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Pre-commencement Issuer Tender Offer |
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Entity Emerging Growth Company |
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Elected Not To Use the Extended Transition Period |
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|
Units, each consisting of one share of Class A Common Stock and one-half of one redeemable Warrant |
|
Title of 12(b) Security |
Units, each consisting of one share of Class A Common Stock and one-half of one redeemable Warrant
|
Trading Symbol |
SAMAU
|
Security Exchange Name |
NASDAQ
|
Class A Common Stock, par value $0.0001 per share |
|
Title of 12(b) Security |
Class A Common Stock, par value $0.0001 per share
|
Trading Symbol |
SAMA
|
Security Exchange Name |
NASDAQ
|
Warrants, each whole warrant exercisable for one share of Class A Common Stock at an exercise price of $11.50 |
|
Title of 12(b) Security |
Warrants, each whole warrant exercisable for one share of Class A Common Stock at an exercise price of $11.50
|
Trading Symbol |
SAMAW
|
Security Exchange Name |
NASDAQ
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