Item 5.07. Submission of Matters to a Vote of Security Holders.
On December 6, 2022, DTRT held a special meeting of stockholders (the "Special
Meeting"). At the Special Meeting, the Company's stockholders approved an
amendment to the Company's Amended and Restated Certificate of Incorporation
(the "Charter Amendment") in connection with the extension of the date by which
the Company must complete a merger, share exchange, asset acquisition, stock
purchase, recapitalization, reorganization or similar business combination
involving the Company and one or more businesses (a "business combination") from
December 7, 2022 to March 7, 2023 (the "Extension Amendment Proposal").
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 $10.20 per share of the funds held in the
Company's trust account, leaving approximately $33,402,698 in cash in the trust
account after satisfaction of such redemptions and following the deposit of the
additional funds into the trust account.
In addition, on December 6, 2022, the Company filed the Charter Amendment with
the Secretary of State of the State of Delaware. A copy of the Charter Amendment
is attached hereto as Exhibit 3.1.
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 of December 6, 2022.
104 Cover Page Interactive Data File-Embedded within the inline XBRL
document.
* Previously filed.
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