Item 5.07 Submission of Matters to a Vote of Security Holders
On July 27, 2022, SCVX Corp., a Cayman Islands exempted company (“SCVX”) held an
extraordinary general meeting of its shareholders to vote on an extension of the
deadline for SCVX to complete an initial business combination. The board of
directors determined not to put such proposal forth to the shareholders and this
meeting was concluded without conducting any business.
Item 7.01 Regulation FD Disclosure
Also on July 27, 2022, SCVX issued a press release and announced at its
Extraordinary General Meeting of Shareholders that it will redeem all of its
outstanding Class A ordinary shares, as SCVX will not be able to consummate an
initial business combination within the time period required by its amended and
restated memorandum and articles of association (the “Memorandum and Articles of
Association”).
There will be no redemption rights or liquidating distributions with respect to
SCVX’s warrants, which will expire worthless. SCVX’s initial shareholders waived
their redemption rights with respect to the outstanding Class B ordinary shares
issued prior to SCVX’s initial public offering.
A copy of the press release is furnished as Exhibit 99.1 to this Current Report
on Form 8-K and incorporated herein by reference.
The information in this Item 7.01 and Exhibit 99.1 attached hereto shall not be
deemed “filed” for purposes of Section 18 of the Securities Exchange Act of
1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities
of that section, nor shall it be deemed incorporated by reference in any filing
under the Securities Act of 1933, as amended, or the Exchange Act, except as
expressly set forth by specific reference in such filing.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
99.1 Press Release, dated July 27, 2022.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
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