16 unchanged sentences
On January 13, 2021, the Sponsor paid $25,000, or approximately $0.003 per share, to cover certain of our offering costs in consideration of 8,625,000 Class B ordinary shares, par value $0.0001.
−Removed: With the underwriters’ over-allotment remaining option expired in May 2021, the initial shareholders forfeited 644,591 shares to the Company for no consideration so that the initial shareholders would collectively own 20% of the Company’s issued and outstanding ordinary shares after the IPO.
+Added: With the underwriter’s over-allotment remaining option expired in May 2021, the initial shareholders forfeited 644,591 shares to the Company for no consideration so that the initial shareholders would collectively own 20% of the Company’s issued and outstanding ordinary shares after the IPO.
As of December 31, 2022, there were 7,980,409 shares of Class B Ordinary Shares issued and outstanding.
On March 18, 2021, we completed our initial public offering of 30,000,000 units, at a price of $10.00 per unit, generating aggregate gross proceeds to the Company of $300.0 million.
−Removed: On April 14, 2021 the Company sold an additional 1,921,634 units for gross proceeds in connection with the underwriters’ partial exercise of their overallotment option for total gross proceeds of approximately $19.2 million.
+Added: On April 14, 2021, the Company sold an additional 1,921,634 units for gross proceeds in connection with the underwriter’s partial exercise of its overallotment option for total gross proceeds of approximately $19.2 million.
Concurrently with the closing of the initial public offering, our Sponsor purchased 6,000,000 private placement warrants, each exercisable to purchase one ordinary share at $11.50 per share generating gross proceeds of $9.0 million, in a private placement that closed simultaneously with the closing of our initial public offering.
1 unchanged sentence
A portion of the proceeds from the sale of the private placement warrants was added to the proceeds from the initial public offering held in the trust account.
−Removed: If the company does not complete an initial business combination within 24 months from the closing of our initial public offering, the private placement warrants will expire worthless.
+Added: If the company does not complete an initial business combination within 27 months from the closing of our initial public offering (or up to 36 months from the closing of our initial public offering if we extend the period of time to consummate a business combination), the private placement warrants will expire worthless.
The private placement warrants are substantially similar to the warrants underlying the units issued in the initial public offering, except that they are non-redeemable and exercisable on a cashless basis so long as they are held by the Sponsor or its permitted transferees.
2 unchanged sentences
No underwriting discounts or commissions were paid with respect to such sales.
+Added: On January 31, 2022, the Company issued an unsecured promissory note (the “Dinsdale Note”) in the principal amount of $500,000 to Mike Dinsdale.
+Added: The Dinsdale Note does not bear interest and is repayable in full upon consummation of a Business Combination.
+Added: The Company may draw on the Dinsdale Note from time to time, in increments of not less than $50,000, until the earlier of March 18, 2023 or the date on which the Company consummates a Business Combination.
+Added: If the Company does not complete a Business Combination, the Dinsdale Note shall not be repaid and all amounts owed under it will be forgiven.
+Added: Upon the consummation of a Business Combination, the Mr.
+Added: Dinsdale shall have the option, but not the obligation, to convert the principal balance of the Dinsdale Note, in whole or in part, into private placement warrants (as defined in that certain Warrant Agreement, dated March 18, 2021, by and between the Company and Continental Stock Transfer & Trust Company), at a price of $1.50 per private placement warrant.
+Added: The Dinsdale Note is subject to customary events of default, the occurrence of which automatically trigger the unpaid principal balance of the Dinsdale Note and all other sums payable with regard to the Dinsdale Note becoming immediately due and payable.
+Added: The Dinsdale Note was issued pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended.
+Added: On July 11, 2022, the Company issued an unsecured promissory note (the “Burns Note”) in the principal amount of $500,000 to Ursula Burns.
+Added: The Burns Note does not bear interest and is repayable in full upon consummation of the Company’s initial business combination (a “Business Combination”).
+Added: Up to fifty percent (50%) of the principal of the Burns Note may be drawn down from time to time at the Company’s option prior to August 25, 2022 and any or all of the remaining undrawn principal of the Burns Note may be drawn down from time to time at the Company’s option after August 25, 2022, in each case in increments of not less than $50,000.
+Added: If the Company does not complete a Business Combination, the Burns Note shall not be repaid and all amounts owed under it will be forgiven.
+Added: Upon the consummation of a Business Combination, Ms.
+Added: Burns shall have the option, but not the obligation, to convert the principal balance of the Burns Note, in whole or in part, into private placement warrants (as defined in that certain Warrant Agreement, dated March 18, 2021, by and between the Company and Continental Stock Transfer & Trust Company), at a price of $1.50 per private placement warrant.
+Added: The Burns Note is subject to customary events of default, the occurrence of which automatically trigger the unpaid principal balance of the Burns Note and all other sums payable with regard to the Burns Note becoming immediately due and payable.
+Added: On March 16, 2023, the Company issued an unsecured promissory note in the total principal amount of up to $250,000 (the “Roy Note”) to Mr.
+Added: Kanishka Roy, individually and as a member of Plum Partners LLC.
+Added: Roy funded the initial principal amount of $250,000 on March 16, 2023.
+Added: The Roy Note does not bear interest and matures upon the consummation of the Company’s initial business combination with one or more businesses or entities.
+Added: In the event the Company does not consummate a business combination, the Roy Note will be repaid upon the Company’s liquidation only from amounts remaining outside of the Company’s trust account, if any.
+Added: The Roy Note is subject to customary events of default, the occurrence of which automatically trigger the unpaid principal balance of the Roy Note and all other sums payable with regard to the Roy Note becoming immediately due and payable.
Use of Proceeds
−Removed: In connection with the initial public offering and the exercise of the underwriters’ over-allotment option, we incurred offering costs of approximately $18.3 million (including underwriting commissions of approximately $6.3 million and deferred underwriting commissions of approximately $11.2 million).
+Added: In connection with the initial public offering and the exercise of the underwriter’s over-allotment option, we incurred offering costs of approximately $18.3 million (including underwriting commissions of approximately $6.3 million and deferred underwriting commissions of approximately $11.2 million).
Other incurred offering costs consisted principally preparation fees related to the initial public offering.
−Removed: After deducting the underwriting discounts and commissions (excluding the deferred portion, which amount will be payable upon consummation of the initial business combination, if consummated) and the initial public offering expenses, $319.2 million of the net proceeds from our initial public offering and certain of the proceeds from the private placement of the private placement warrants (or $10.00 per Unit sold in the initial public offering) was placed in the trust account.
+Added: After deducting the underwriting discounts and commissions (excluding the deferred portion, which amount will be payable upon consummation of the initial business combination, if consummated) and the initial public offering expenses, $319.2 million of the net proceeds from our initial public offering and certain of the proceeds from the private placement of the private placement warrants (or $10.00 per Unit sold in the initial public offering) was placed in the trust account, which amount was reduced to approximately $54 million following redemptions in connection with the extraordinary general meeting of shareholders held on March 15, 2023.
The net proceeds of the initial public offering and certain proceeds from the sale of the private placement warrants are held in the trust account and invested as described elsewhere in this Report.
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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.