Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
8-K filing…
Item 5.03 Amendments to Certificate of Incorporation or Bylaws; Change in Fiscal Year
On October 13, 2022, Bridgetown Holdings Limited (the “Company”) held its extraordinary general meeting in lieu of the 2022 annual general meeting of shareholders (the “EGM”). At the EGM, the Extension Amendment Proposal (as defined below) to amend the Company’s Amended and Restated Memorandum and Articles of Association (“Charter Amendment”) was approved. Under Cayman Islands law, the Charter Amendment took effect upon approval of the Extension Amendment Proposal. The Company plans to file the Charter Amendment with the Cayman Islands General Registry within 15 days of the EGM. The terms of the Charter Amendment are set forth in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on September 29, 2022.
Item 5.07 Submission of Matters to a Vote of Security Holders.
At the EGM, the Company’s shareholders were presented with a proposal to extend the date by which the Company must consummate an initial business combination from October 20, 2022 (which is 24 months from the closing of the Company’s initial public offering) to October 20, 2023 (or such earlier date as determined by the Company’s Board of Directors) by amending the Company’s Amended and Restated Memorandum and Articles of Association (the “Extension Amendment Proposal”).
Set forth below are the final voting results for the Extension Amendment Proposal. Pursuant to the Company’s Amended and Restated Memorandum and Articles of Association, and as required by Cayman Islands law, the approval of the Extension Amendment Proposal requires the affirmative vote of at least two-thirds of holders of Class A and Class B ordinary shares (the “Ordinary Shares”) who attend and vote at the EGM with a quorum.
To read the full filing 8-K: https://www.sec.gov/ix?doc=/Archives/edgar/data/1815086/000121390022064367/ea167160-8k_bridge.htm
Hopefully something happens before my July10 calls expire…
Link to all filings…
https://www.sec.gov/edgar/browse/?CIK=1815086&owner=exclude
Page 11, bold is mine…
Redemption of Public Shares and Liquidation if No Initial Business Combination
Our sponsor, officers and directors have agreed that we will have only until October 20, 2022 to complete our initial business combination. If we are unable to complete our initial business combination by October 20, 2022, we will: (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but not more than ten business days thereafter, redeem the public shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the trust account, including interest (less up to $100,000 of interest to pay dissolution expenses (which interest shall be net of taxes payable) divided by the number of then issued and outstanding public shares, which redemption will completely extinguish public shareholders’ rights as shareholders (including the right to receive further liquidation distributions, if any), subject to applicable law, and (iii) as promptly as reasonably possible following such redemption, subject to the approval of our remaining shareholders and our board of directors, liquidate and dissolve, subject in each case to our obligations under Cayman Islands law to provide for claims of creditors and the requirements of other applicable law. There will be no redemption rights or liquidating distributions with respect to our warrants, which will expire worthless if we fail to complete our initial business combination by October 20, 2022.
March 28, 2022
10K filing: https://www.sec.gov/ix?doc=/Archives/edgar/data/0001815086/000121390022015525/f10k2021_bridgetown.htm
Fwiw grabbed the January 10 calls at a nickel, waiting for a pop back over 10 after January 1st, of course no guarantee it will happen…
As of November 12, 2021, there were 59,499,351 Class A ordinary shares, $0.0001 par value and 14,874,838 Class B ordinary shares, $0.0001 par value, issued and outstanding.
IMPORTANT Daniel Wong, our Chief Executive Officer, Chief Financial Officer and a Director is a Senior Vice President with Pacific Century is ALSO on the board of Tokopedia per sec filings
We FINALLY have a Subreddit for SERIOUS Traders/Investors to share DD/Thesis/Opinions to HELP each other make $$- FREE OF SPAM/NONSENSE/ABUSE- ITS FREE JOIN US NOW LETS DO THIS https://reddit.com/r/BTWN_BTNB/?sBTWN-BTNB-Reddit
This feels like a good sign. Up nicely on no news. Somebody has news. :). Merry Christmas!
* * $BTWN Video Chart 12-24-2020 * *
Link to Video - click here to watch the technical chart video
It does look promising. Unexpected pop from no where.
Looks like $13 building a short position
Has to come to fruition but when it does this will be tremendous.
https://www.bloomberg.com/news/articles/2020-12-16/tokopedia-picks-morgan-stanley-and-citi-to-manage-debut-listing?utm_source=url_link
* * $BTWN Video Chart 12-15-2020 * *
Link to Video - click here to watch the technical chart video
I like that plan...$BTWN
Thinking bottom will be around $11.20 /$11.50 to load after hype where’s off.
Sold... going to watch it now
GC what are you think about entry on this one?
Saw the premarket gains and immediately jumped on twitter to see that news... What a crazy premarket ride... Hope it holds when Robinhood traders get in...
Thiel-backed Bridgetown mulls merger with Indonesia's PT Tokopedia - Bloomberg News
Dec 15 (Reuters) - Blank-check acquisition firm Bridgetown Holdings Ltd is considering a merger with Indonesian e-commerce firm PT Tokopedia, Bloomberg News reported here on Tuesday, citing people familiar with the matter.
Tokopedia, backed by SoftBank Corp, could be valued between $8 billion and $10 billion in a deal, the report said. Deliberations are at a preliminary stage and Bridgetown could still look at other potential targets, it added.
Founded in 2009, Tokopedia provides an online marketplace that allows individuals and businesses in Indonesia to open their own online stores.
ADVERTISEMENT
Bridgetown, backed by billionaires Peter Thiel and Richard Li, and Tokopedia did not immediately respond to Reuters’ requests for comment.
Bridgetown’s shares soared 25% in premarket trading after the report. (Reporting by Ayanti Bera in Bengaluru; Editing by Maju Samuel)
Feels good right about now!
Followers
|
6
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
31
|
Created
|
12/09/20
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |