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Our warrants expire five years after the completion of our initial business combination or earlier upon redemption or liquidation as described elsewhere in this Annual Report on Form 10-K.
−Removed: As of December 31, 2021, there was one holder of record of our Units, two holder of our separately traded shares of Class A ordinary shares and one holder of record of our separately traded public warrants.
+Added: On November 18, 2022, our public warrants were delisted and the NYSE determined that the public warrants should be suspended from trading because the NYSE determined the public warrants were no longer suitable for listing based on “abnormally low” price levels, pursuant to Section 802.01D of the NYSE Listed Company Manual.
+Added: On the same day, the Company was notified and a press release regarding the proposed delisting was issued and posted on the NYSE’s website.
+Added: Trading in the public warrants was immediately suspended on November 18, 2022.
+Added: On December 7, 2022, the NYSE filed Form 25, pursuant to Rule 12d2-2(b), notifying the SEC of its intention to remove the entire class of public warrants from listing and registration on the NYSE on December 19, 2022.
+Added: Subsequent to the delisting, our public warrants have traded on over-the-counter markets under the symbol “CPTKW.” Over-the-counter market quotations reflect inter-dealer prices, without retail mark-up, mark-down or commission and may not necessarily represent actual transactions.
+Added: As of March 31, 2023, there was one holder of record of our Units, one holder of our separately traded shares of Class A ordinary shares and one holder of our public warrants.
We have not paid any cash dividends on our ordinary shares to date and do not intend to pay cash dividends prior to the completion of our initial business combination.
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Unregistered Sales
−Removed: In October 2020, our sponsor purchased an aggregate of 6,900,000 shares of our Founder Shares for an aggregate purchase price of $25,000, or approximately $0.004 per share.
−Removed: Our Class B common stock will automatically convert into shares of Class A common stock, on a one-for-one basis, upon the completion of a business combination.
−Removed: Simultaneously with the closing of the Initial Public Offering, the Company consummated the Private Placement of 5,013,333 Private Placement Warrants, at a price of $1.50 per Private Placement Warrant with the sponsor and the Anchor Investor, generating gross proceeds of $7,520,000.
+Added: On January 17, 2023, CIIG entered into the Assignment Agreement whereby Crown PropTech Sponsor sold, transferred and assigned 5,662,000 Founder Shares of the Company and 250,667 Private Placement
+Added: Warrants to purchase Class A ordinary shares of the Company to CIIG for an aggregate purchase price of $21,717.21.Our Class B common stock will automatically convert into shares of Class A common stock, on a one-for-one basis, upon the completion of a business combination.
The sale of the Founder Shares and the Private Placement Warrants was made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act.
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Of the $283,520,000 in proceeds, we received from our Initial Public Offering and the sale of the Private Placement Warrants, a total of $276,000,000, including $9,660,000 payable to the underwriter for deferred underwriting commissions, was placed in the trust account.
+Added: However, in December 2022, we received a waiver letter from the underwriters electing to waive their entitlement to any deferred underwriting commissions.
+Added: The amount of funds available for a business combination is approximately $42,730,488.52 as of February 9, 2023, after payment of an aggregate redemption amount of approximately $238,305,063.72 as a result of the approval of the Extension Proposal.
There has been no material change in the planned use of proceeds from such use as described in the Company’s final prospectus (File No.
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.