Item 7.01. Regulation FD Disclosure.
On February 14, 2023, AXIOS Sustainable Growth Acquisition Corporation, a Cayman
Islands exempted company (the "Company") convened an Extraordinary General
Meeting (the "Extraordinary General Meeting") virtually, solely with respect to
the voting on the proposal to extend the date by which the Company must complete
its initial business combination from February 18, 2023 to May 18, 2023 (the
"Extension Amendment Proposal"). In connection with the Extension Amendment
Proposal, holders of Class A ordinary shares, $0.0001 par value per share
("public shares") that had originally been issued to the public in connection
with the Company's initial public offering were afforded the opportunity to
require the Company to redeem their public shares for their pro rata share of
the funds held in the trust account. 13,138,341 of the 17,250,000 public shares
were redeemed at a redemption price of approximately $10.39 per share, leaving
4,111,659 public shares remaining outstanding. Following this redemption, the
balance in the trust account was approximately $42.7 million.
In addition, the Company had previously reported that the Company and AXIOS
Sponsor LP (the "Sponsor"), the Company's sponsor, entered into one or more
agreements (the "Non-Redemption Agreements") with third parties holding public
shares in exchange for them agreeing not to redeem public shares at the
Extraordinary General Meeting. The Non-Redemption Agreements provide for the
allocation of one founder share held by the Sponsor in exchange for each five
public shares the investor agreed to hold and not redeem at the Meeting. In
accordance with the Non-Redemption Agreements and based upon the number of
public shares not tendered for redemption by the counterparties to the
Non-Redemption Agreements, the Sponsor has agreed to transfer an aggregate of
818,246 founder shares to such counterparties.
Item 9.01. Financial Statement and Exhibits.
(d) Exhibits
Exhibit No. Description
104 Cover Page Interactive Data File (embedded within the Inline
XBRL document)
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