Item 8.01. Other Events.
Adjournment of Special Meeting of Stockholders
As previously announced, Integral Acquisition Corporation 1 (the “Company”) has called and provided a notice of a special meeting (the “Special Meeting”) to be held on November 1, 2023, at 8:30 a.m. Eastern time, as a virtual meeting, to consider and vote upon the matters described in the Company’s definitive proxy statement filed with the Securities and Exchange Commission (the “SEC”) on October 16, 2023 (the “Proxy Statement”).
On November 1, 2023, the Company convened the Special Meeting as scheduled and adjourned the Special Meeting without any business being conducted. As announced at the Special Meeting, it will be reconvened at 2:00 p.m. Eastern Time on November 2, 2023.
The Company’s stockholders will be able to attend the Special Meeting via live webcast at https://www.cstproxy.com/integralacquisition1/sm2023.
The Company plans to continue to solicit proxies from stockholders during the period prior to the Special Meeting. Only the holders of the Company’s common stock as of the close of business on September 28, 2023, the record date for the Special Meeting, are entitled to vote at the Special Meeting.
Trust Account Balance
As of October 31, 2023, based on funds in the trust account of approximately $32,904,163 as of such date, the pro rata portion of the funds available in the trust account for the redemption of the shares of the Company’s common stock held by the Company’s public stockholders (such shares, the “public shares”) was approximately $10.85 per share (which amount is before taking into account the removal of a portion of the accrued interest in the trust account to pay the Company’s taxes).
Reversal of Redemption Requests
In light of the adjournment of the Special Meeting, any stockholder who has previously tendered its shares for redemption and now decides that it does not want to redeem its shares, the stockholder may still withdraw the tender. If you delivered your shares for redemption to the transfer agent and decide prior to the vote at the Special Meeting (now scheduled for 2:00 p.m. Eastern time on November 2, 2023) not to redeem your public shares, you may request that the transfer agent return the shares (physically or electronically). You may make such request by contacting the transfer agent at:
Continental Stock Transfer & Trust Company
1 State Street Plaza, 30th Floor
New York, New York 10004
Attn: SPAC Redemption Team
e-mail: spacredemptions@continentalstock.com
Forward-Looking Statements
This Current Report on Form 8-K (the “Report”) includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. These forward-looking statements and factors that may cause such differences include, without limitation, uncertainties relating to the Company’s stockholder approval of the Charter Extension, its inability to complete an initial business combination within the required time period or, and other risks and uncertainties indicated from time to time in filings with the SEC, including the Company’s Annual Report on Form 10-K for the fiscal year ended