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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): March 12, 2024

 

 

 

CORNER GROWTH ACQUISITION CORP. 2

(Exact name of registrant as specified in its charter)

 

 

 

Cayman Islands 001-40510 98-1582723
(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) File Number) Identification No.)

 

251 Lytton Avenue, Suite 200  
Palo Alto, California 94301
(Address of principal executive offices) (Zip Code)

 

Registrant’s telephone number, including area code: (650) 543-8180

 

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 of 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 Class A Ordinary Share, $0.0001 par value, and one-third of one redeemable warrant   TRONU   The Nasdaq Stock Market LLC
         
Class A Ordinary Shares included as part of the units   TRON   The Nasdaq Stock Market LLC
         
Redeemable warrants included as part of the units, each whole warrant exercisable for one Class A Ordinary Share at an exercise price of $11.50   TRONW   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 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 March 8, 2024, Corner Growth Acquisition Corp. 2 (the “Company”) held an Extraordinary General Meeting (the “Extraordinary General Meeting”), and in connection therewith the Company will fill with the Registrar of Companies of the Cayman Islands (“Registrar”) an amendment (the “Amendment”) to its Amended and Restated Memorandum and Articles of Association (the “Articles”) to (i) extend the date that the Company has to consummate a business combination from March 21, 2024 to December 31, 2024 (the “Extended Date”) or such earlier date as shall be determined by the Company’s board of directors (the “Board”) and (ii) eliminate from the Articles the limitation that the Company shall not redeem Class A Ordinary Shares included as part of the units sold in the IPO to the extent that such redemption would cause the Company’s net tangible assets to be less than $5,000,001.

 

The foregoing description of the Amendment is qualified in its entirety by the full text of the Amendment, which is filed as Exhibit 3.1 hereto and incorporated herein by reference.

 

Item 5.07. Submission of Matters to a Vote of Security Holders. 

 

At the Extraordinary General Meeting, holders of 5,111,111 of the Company’s ordinary shares, which represents approximately 78.8% of the ordinary shares issued and outstanding and entitled to vote as of the record date of February 20, 2024, were represented in person or by proxy.

 

At the Extraordinary General Meeting, the shareholders approved (i) a special resolution to amend the Company’s Articles to extend the date that the Company has to consummate a business combination from March 21, 2024 to the Extended Date or such earlier date as shall be determined by the Board (the “Extension Proposal”) and (ii) a special resolution to amend the Company’s Articles to eliminate from the Articles the limitation that the Company shall not redeem Class A Ordinary Shares included as part of the units sold in the IPO to the extent that such redemption would cause the Company’s net tangible assets to be less than $5,000,001 (the “Redemption Limitation Amendment Proposal”).

 

Approval of Proposal 1—Extension Proposal

 

Votes For  Votes Against  Abstentions
4,987,125  123,981  5

 

Approval of Proposal 2—Redemption Limitation Amendment Proposal

  

Votes For  Votes Against  Abstentions
4,998,205  112,906  0

 

In connection with the vote to approve the Extension Proposal and the Redemption Limitation Amendment Proposal, the holders of 1,407,653 Class A ordinary shares properly exercised their right to redeem their shares for cash at a redemption price of approximately $11.55 per share, for an aggregate redemption amount of approximately $16,258,392. After the satisfaction of such redemptions, the balance in the Company’s trust account will be approximately $5,233,640.

 

Under Cayman Islands law, the amendment to the Articles took effect upon approval of each proposal. Accordingly, the Company now has until December 31, 2024 to consummate its initial business combination.

 

Item 9.01. Financial Statements and Exhibits. 

 

(d)    Exhibits. 

 

Exhibit
Number
 

 

Description 

     
3.1   Amendment, dated March 8, 2024, to Amended and Restated Memorandum and Articles of Association of Corner Growth Acquisition Corp. 2
     
104   Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

 

 

 

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: March 12, 2024

 

  CORNER GROWTH ACQUISITION CORP. 2
   
  By: /s/ Jerome Letter
  Name: Jerome Letter
  Title: Chief Financial Officer