Item 1.01. Entry into a Material Definitive Agreement.
On
At any time prior to the Maturity Date, the Sponsor may elect to convert the
outstanding principal balance into warrants to purchase shares of Class A common
stock of DTRT at a conversion price equal to
The proceeds of the Note will be used by DTRT to deposit additional funds to the
trust account in connection with the extension of the amount of time DTRT has
available to complete a business combination from
The foregoing description of the Note is qualified in its entirety by reference to the full text of the Note, a copy of which is filed with this Current Report on Form 8-K as Exhibit 10.1 and is incorporated herein by reference.
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an
Off-Balance Sheet Arrangement of a Registrant.
The disclosure contained in Item 1.01 of this Current Report on Form 8-K is incorporated by reference in this Item 2.03.
Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal
Year.
The information included in Item 5.07 is incorporated by reference in this item to the extent required.
Item 5.07. Submission of Matters to a Vote of Security Holders.
On
The following is a tabulation of the votes with respect to the Extension Amendment Proposal, which was approved by the Company's stockholders:
For Against Abstain 22,513,323 488,958 33,177
In connection with the Special Meeting, stockholders holding an aggregate of
19,779,227 shares of the Company's Class A common stock exercised their right to
redeem their shares for approximately
--------------------------------------------------------------------------------
In addition, on
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description of Exhibits 3.1 Amendment to the Registrant's Amended and Restated Certificate of Incorporation. 10.1 Convertible Promissory Note dated as ofDecember 6, 2022 . 104 Cover Page Interactive Data File-Embedded within the inline XBRL document.
--------------------------------------------------------------------------------
© Edgar Online, source