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Oak Woods Acquisition Corporation Shareholders Approve Extension for Business Combination
OAKU
Proxy Vote Outcomes
M&A
- Shareholders of Oak Woods Acquisition Corporation approved an amendment to the company's charter at an Extraordinary General Meeting held on October 8, 2025, extending the deadline to complete a business combination from September 28, 2025, to March 28, 2026.
- The amendment allows for the date to consummate a Business Combination to be extended from 24 months to 30 months from the IPO closing, with the possibility of up to six additional one-month extensions until 36 months from the IPO closing, provided the sponsor deposits $0.033 per each remaining public share for every one-month extension.
- In connection with the shareholders' vote on October 8, 2025, 2,274,444 ordinary shares were tendered for redemption, leaving 1,302,981 ordinary shares outstanding.
- The Charter Amendment Proposal received 3,370,572 votes FOR, 528,341 votes AGAINST, and 121,700 ABSTAIN.
Oct 16, 2025, 12:18 AM
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