UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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FORM
CURRENT REPORT
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Item 5.07 Submission of Matters to a Vote of Security Holders.
On November 14, 2023, HNR Acquisition Corp (the “Company” or “HNRA”) held a special meeting of stockholders (the “Meeting”). The Meeting was convened at 9:00 a.m. eastern time, and the stockholders approved the adjournment of the Meeting until 4:00 p.m. eastern on November 14, 2023, to permit further solicitation and vote of proxies (the “Adjournment Proposal”).
At the reconvened Meeting, the Company’s stockholders approved a proposal (the “Extension Proposal”) for an amendment (the “Extension Amendment”) to the Company’s amended and restated certificate of incorporation (the “Charter”) to extend the date by which HNRA must consummate a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, which we refer to as a “business combination”, from November 15, 2023 (the “Termination Date”), by up to two (2) one-month extensions to January 15, 2024 (each of which we refer to as an “Extension”, and such later date, the “Extended Deadline”) provided that HNRAC Sponsors LLC (the “Sponsor”) (or its affiliates or permitted designees) deposited into the trust account in which the proceeds of the HRNA’s initial public offering were placed (the “Trust Account”) the lesser of (x) $120,000 or (y) $0.04 per share for each public share of common stock outstanding as of the applicable deadline for each such one-month extension until January 15, 2024, unless the closing of the Company’s initial business combination shall have occurred (the “Extension Payment”) in exchange for a non-interest bearing, unsecured promissory note payable upon consummation of a business combination.
The record date for the stockholders entitled to notice of, and to vote at, the Meeting was October 27, 2023. At the close of business on that date, the Company had 7,515,653 shares of common stock issued and outstanding and entitled to be voted at the Special Meeting. Of the 7,515,653 shares of common stock issued and outstanding and entitled to be voted at the Special Meeting, 5,177,901 shares (or 68.89%), constituting a quorum, were represented in person or by proxy at the Special Meeting.
The final voting results were as follows:
Adjournment Proposal
For | Against | Abstain | Broker Non-Votes | |||
4,998,538 | 179,362 | 1 | 0 |
Extension Proposal
For | Against | Abstain | Broker Non-Votes | |||
4,998,538 | 179,362 | 1 | 0 |
The Company did not file the Extension Amendment because the Company consummated its initial business combination on November 15, 2023. Therefore, the Extension Amendment was abandoned. Furthermore, because the Extension Amendment was abandoned, any shares of the Company’s common stock that exercised their right to redeem such shares in connection with the Extension Amendment were not redeemed.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
November 20, 2023 | HNR Acquisition Corp | |
By: | /s/ Mitchell B. Trotter | |
Name: | Mitchell B. Trotter | |
Title: | Chief Financial Officer |
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