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):
December 29, 2023
ZALATORIS II ACQUISITION CORP.
(Exact name of registrant as specified in its charter)
Cayman Islands |
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001-40686 |
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N/A |
(State or Other Jurisdiction
of Incorporation) |
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(Commission File Number) |
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(IRS Employer
Identification No.) |
55 West 46th Street, 30th Floor
New York, New York 10036
(Address of principal executive offices) (Zip Code)
(917) 675-3106
Registrant’s telephone number, including
area code
N/A
(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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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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 |
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Trading Symbol(s) |
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Name of Each Exchange on Which Registered |
Units, each consisting of one Class A Common Stock and one-third of one redeemable Public Warrant |
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ZLSWU |
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The Nasdaq Stock Market LLC |
Class A Common Stock, par value $ 0.0001 per Share |
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ZLS |
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The Nasdaq Stock Market LLC |
Redeemable warrants, each exercisable for one Class A Common Stock at an exercise price of $11.50 per share |
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ZLSWW |
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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 3.03. Material Modification to Rights of Security Holders.
Amendment of Memorandum
and Articles of Association
As described in more detail
in Item 5.03, on December 29, 2023, Zalatoris II Acquisition Corp., a Cayman Islands exempted company (the “Company”),
held a virtual annual meeting (the “Annual Meeting”) of the Company’s shareholders pursuant to due notice
in that certain Proxy Statement on Schedule 14(a) filed December 8, 2023, as amended (the “Proxy Statement”).
At the Annual Meeting, the shareholders of the Company entitled to vote (the “Shareholders”) approved the Founder
Share Amendment Proposal (as defined below) to amend the Amended and Restated Memorandum and Articles of Association and authorized the
Company to file the Third Amendment to the Amended and Restated Memorandum and Articles of Association (the “Amended Charter”)
with the Registrar of Companies in the Cayman Islands. Following approval of the Founder Share Amendment Proposal by the Shareholders,
the Company promptly filed the Amended Charter with the Registrar of Companies in the Cayman Islands.
The foregoing summary is qualified
by the full text of the Amended Charter, which is included as Exhibit 3.1.
Item 4.01. Changes in Registrant’s Certifying Accountant.
Ratification of Appointment of Auditor.
At the Annual Meeting, the
Shareholders voted to ratify the appointment of Marcum LLP as its independent registered public accounting firm for the year ending December
31, 2023 (the “Ratification of Auditor Proposal”).
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
At the Annual Meeting, the
Shareholders elected the five persons named in the Proxy Statement and whose names are included here as Exhibit 99, as directors of the
Company for a three-year term expiring in 2026 or until their successor has been duly elected and qualified or until their earlier resignation,
removal or death ( the “Election of Directors Proposal”).
Item 5.03. Amendments to Articles of Incorporation or Bylaws.
At the Annual Meeting, the
Shareholders approved the Founder Share Amendment Proposal for the Company to adopt and file the Amended Charter, which the Company promptly
filed following the Shareholders’ approval.
Pursuant to the proposal in
the Proxy regarding the Amended Charter (the “Founder Share Amendment Proposal”), the Company is authorized
to provide for the right of the holders of Class B common stock of Zalatoris II Acquisition Corp’s par value $0.0001 per share (
the “Zalatoris II Class B Common Stock or Founder Shares”) to convert such shares of Zalatoris II Class B common
stock into shares of Class A common stock of Zalatoris II Acquisition Corp., par value $0.0001 per share (the “Zalatoris II
Class A Common Stock”) on a one-one basis at the election of such holders.
The foregoing summary is qualified by the full
text of the Amended Charter, which is included as Exhibit 3.1.
Item 5.07. Submission of Matters to a Vote of Security Holders.
On the record date of November
1, 2023, the Company had 6,514,674 shares of Zalatoris II Class A Common Stock and 5,490,283 shares of Zalatoris II Class B Common Stock
outstanding entitled to vote at the Annual Meeting. At the Annual Meeting, the Shareholders voted on three of the four proposals presented,
as described in the Proxy Statement, and cast their votes as described below:
Proposal 1 – Founder Share Amendment
Proposal
The Shareholders approved
the Founder Share Amendment Proposal. The following is a tabulation of the voting results:
Common Stock:
Votes For | |
Votes Against | |
Abstentions | |
Broker Non-Votes |
8,947,650 | |
0 | |
0 | |
0 |
Proposal 2 – Election of Directors Proposal
The shareholders approved
the Election of Directors Proposal. The following is a tabulation of the voting results.
Common Stock:
Votes For | |
Votes Against | |
Abstentions | |
Broker Non-Votes |
7,830,303 | |
1,117,347 | |
0 | |
0 |
Proposal 3 – Ratification of Auditor Proposal
The shareholders approved the Ratification of Auditor
Proposal. The following is a tabulation of the voting results.
Common Stock:
Votes For | |
Votes Against | |
Abstentions | |
Broker Non-Votes |
8,947,650 | |
0 | |
0 | |
0 |
Proposal 4 – Adjournment Proposal
Common Stock:
Votes For | |
Votes Against | |
Abstentions | |
Broker Non-Votes |
8,446,915 | |
500,735 | |
0 | |
0 |
The fourth proposal to adjourn the Annual Meeting
(the “Adjournment Proposal”), was not presented at the Annual Meeting because the Founder Share Amendment Proposal,
Election of Directors Proposal, and the Ratification of Auditor Proposal received sufficient favorable votes to be adopted.
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, as amended, the Company has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
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ZALATORIS II ACQUISITION CORP. |
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Date: January 5, 2024 |
By: |
/s/ Paul Davis |
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Paul Davis
Chief Executive Officer |
Exhibit 3.1
THIRD AMENDMENT
TO THE
AMENDED AND RESTATED
MEMORANDUM AND ARTICLES OF ASSOCIATION
OF
ZALATORIS II ACQUISITION CORP.
Pursuant to the Cayman Islands Companies Act
ZALATORIS II ACQUISITION CORP. (the
“Corporation”), a corporation organized and existing under the laws of the Cayman Islands, does hereby certify as follows:
1. The name
of the Corporation is Zalatoris II Acquisition Corp. The Corporation’s Memorandum and Articles of Association were filed in
the Cayman Islands General Registry on March 11, 2021 (the “Original Charter”). A First Amendment
to the Original Charter was filed in the Cayman Islands General Registry on July 29, 2021 (the “Amended Charter”).
A Second Amendment to the charter was filed in the Cayman Islands General Registry on July 27, 2023 (the “Current Charter”).
2. This Third
Amendment to the Amended and Restated Memorandum and Articles of Association amends the Current Charter.
3. This Third
Amendment to the Amended and Restated Memorandum and Articles of Association were duly adopted in accordance with the Current Charter
and the Companies Act (as revised) of the Cayman Islands as follows:
Item 4 of this Third Amendment to the Amended
and Restated Memorandum and Articles of Association was duly adopted by the affirmative vote of the majority of the holders of outstanding Common
Stock voting together as a single class.
4. Section 17.2
is hereby deleted in its entirety and replaced as follows:
(b) Class B Common
Stock.
(i) Shares of Class B Common
Stock shall be convertible into shares of Class A Common Stock on a one-for-one basis (the “Initial Conversion
Ratio”) at the election of the holder of such Class B Common Stock at any time prior to the closing of an initial business
combination or otherwise automatically on the closing of such an initial business combination.
IN WITNESS WHEREOF, Zalatoris II Acquisition
Corp. has caused this Third Amendment to the Amended and Restated Memorandum and Articles of Association to be duly executed in its name
and on its behalf by an authorized officer as of this 29th day of December 2023.
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ZALATORIS II ACQUISITION CORP. |
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By: |
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Name: |
Paul Davis |
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Title: |
Chief Executive Officer |
Exhibit 99
Directors
Name |
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Age |
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Position and Class |
Paul Davis |
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42 |
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Chief Executive Officer and Director |
Llewelyn Farquharson |
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54 |
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Chief Financial Officer and Director |
Demetris Demitriou |
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70 |
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Director |
Adeel Rouf |
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32 |
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Director |
Vik Mittal |
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43 |
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Director |
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