TKB Critical Technologies 1 shareholders approve extension

TKB Critical Technologies 1 announced that in its extraordinary general meeting held, shareholders voted to approve an amendment to TKB’s amended and restated memorandum and articles of association to extend the date that the Company has to consummate a business combination from January 29, 2023 to June 29, 2023. TKB’s shareholders also approved a corresponding amendment to the Company’s Investment Management Trust Agreement. The Extension was approved by approximately 99% of the votes cast at the meeting, representing approximately 82% of TKB’s outstanding shares. An aggregate of 17,533,296 shares were validly redeemed in connection with the Extension. Following the Extension, after satisfaction of such redemptions, the balance in TKB’s trust account will be approximately $55 million, approximately 24% of the total.