Current Report Filing (8-k)
February 07 2023 - 6:08AM
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or Section 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
February 7, 2023 (February 1, 2023)
Sustainable Development Acquisition I Corp.
(Exact name of registrant as specified in its
charter)
| Delaware |
|
001-40002 |
|
85-4353398 |
|
(State or other jurisdiction of
incorporation or organization)
|
|
(Commission
File Number)
|
|
(I.R.S. Employer
Identification Number)
|
|
5701 Truxtun Avenue, Suite 201
Bakersfield, California |
|
93309 |
| (Address of principal executive offices) |
|
(Zip Code) |
Registrant’s telephone number, including
area code: (323) 329-8221
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 to 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, $0.0001 par value, and one-half of one redeemable warrant |
|
SDACU |
|
The Nasdaq Capital Market |
| Shares of Class A common stock included as part of the units |
|
SDAC |
|
The Nasdaq Capital Market |
| Redeemable warrants included as part of the units, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50 |
|
SDACW |
|
The Nasdaq Capital Market |
Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
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.
| Item 5.03 |
Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. |
On February 1, 2023, stockholders of Sustainable
Development Acquisition I Corp. (the “Company”) held a special meeting of stockholders (the “Special Meeting”),
where the stockholders of the Company approved an amendment (the “Extension Amendment”) to the Amended and Restated Certificate
of Incorporation of the Company (the “Charter”) to extend the date by which the Company must (i) consummate a merger, capital
stock exchange, asset acquisition, stock purchase, reorganization or similar business combination involving the Company and one or more
businesses, which we refer to as a “business combination,” (ii) cease its operations if it fails to complete such business
combination, and (iii) redeem or repurchase 100% of the Company’s Class A common stock included as part of the units sold in the
Company’s initial public offering that was consummated on February 4, 2021 from February 4, 2023 to August 12, 2023. The Company
filed the Extension Amendment with the Secretary of State of the State of Delaware on February 2, 2023.
A copy of the Extension Amendment is filed herewith
as Exhibit 3.1 and is incorporated herein by reference.
| Item 5.07 |
Submission of Matters to a Vote of Security Holders. |
At the Company’s Special Meeting, the following proposals were
considered and acted upon by the stockholders of the Company: (a) a proposal to approve the Extension Amendment (the “Extension
Amendment Proposal”); and (b) a proposal to approve the adjournment of the Special Meeting to a later date or dates, if necessary,
to permit further solicitation and vote of proxies in the event that there are insufficient votes for, or otherwise in connection with,
the approval of any of the foregoing proposals (the “Adjournment Proposal”). The number of votes cast for or against, as well
as the number of abstentions as to each proposal, are set forth below.
Extension Amendment Proposal
| Votes For | |
Votes Against | | |
Abstentions | |
| 27,804,510 | |
| 4,298,340 | | |
| 0 | |
Accordingly, the Extension Amendment Proposal was approved.
As there were sufficient votes at the time of the Special Meeting to
approve the above proposal, the Adjournment Proposal, which had been previously voted on by proxy, was not presented to stockholders at
the Special Meeting.
| Item 9.01. |
Financial Statements and Exhibits. |
(d) Exhibits
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.
Dated: February 7, 2023
| SUSTAINABLE DEVELOPMENT ACQUISITION I CORP. |
|
| |
|
|
| By: |
/s/ Eric Techel |
|
| Name: |
Eric Techel |
|
| Title: |
Chief Financial Officer |
|
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