Item 8.01. Other Events.
On April 19, 2023, Crescera Capital Acquisition Corp. (the
“Company”) filed a definitive proxy statement (the “Definitive Proxy Statement”) for the solicitation
of proxies in connection with a special meeting of the Company’s stockholders to be held on May 16, 2023 (the “Shareholder
Meeting”) to consider and vote on, among other proposals, an amendment to the Company’s Amended and Restated Memorandum
and Articles of Association (the “Articles”) to extend the date by which the Company must consummate a business combination
(the “Extension Amendment”) from May 23, 2023 (the date which is 18 months from the closing date of the Company’s
initial public offering of shares of Class A shares (the “IPO”) (the “Original Termination Date”)
to November 23, 2023 (the date which is 24 months from the closing date of the Company’s IPO) (the “Articles
Extension Date”), or such earlier date as determined by CCAP’s board of directors (the “Board”), and
to allow the Board of CCAP, without another shareholder vote, to extend the period of time to consummate the initial business combination
for an additional 6 months after the Articles Extension Date on the same terms as the Original Extension Right (as defined in the
Definitive Proxy Statement) as contemplated by our IPO prospectus and in accordance with the Articles, if requested by CC Sponsor LLC,
a Cayman Islands limited liability company (the “Sponsor”), and upon five days’ advance notice prior to
the applicable Termination Date, until May 23, 2024 (the date which is 30 months from the closing date of the Company’s
IPO) (the “Additional Articles Extension Date”), or a total of twelve months after the Original Termination Date,
as provided by the first resolution in the form set forth in Annex A to the accompanying proxy statement (the “Extension
Amendment Proposal”). Every reference to February 23, 2023 in the Definitive Proxy Statement shall be May 23, 2023, the date
that is 30 months from the closing of the IPO. The Extension Amendment Proposal is described in more detail in the Definitive Proxy Statement.
Supplement to the Definitive Proxy Statement
The Company has determined to supplement the Definitive
Proxy Statement as set forth below (the “Proxy Supplement”) to provide updated information about the Extension Amendment
Proposal. There is no change to the location, the record date, or any of the other proposals to be acted upon at the Shareholder Meeting.
SUPPLEMENT TO PROXY
STATEMENT OF
CRESCERA CAPITAL ACQUISITION CORP.
Dated April 20, 2023
The following disclosures in this Current Report
on Form 8-K supplement, and should be read in conjunction with, the disclosures contained in the Company’s definitive proxy statement
(the “Definitive Proxy Statement”), filed with the Securities and Exchange Commission (the “SEC”) on April 19,
2023, which in turn should be read in its entirety. To the extent the information set forth herein differs from or updates information
contained in the Definitive Proxy Statement, the information set forth herein shall supersede or supplement the information in the Definitive
Proxy Statement. All other information in the Definitive Proxy Statement remains unchanged.
As provided in the Definitive Proxy Statement, the Company
is seeking shareholder approval of, among other things, the extension (the “Extension Amendment” and such proposal, the “Extension
Amendment Proposal”) of the time period the Company has to complete an initial business combination from May 23, 2023 to November
23, 2023 (the date which is 24 months from the closing date of the Company’s IPO) (the “Articles Extension Date”), or
such earlier date as determined by CCAP’s board of directors (the “Board”), and to allow the Board of CCAP, without
another shareholder vote, to extend the period of time to consummate the initial business combination for an additional 6 months after
the Articles Extension Date on the same terms as the Original Extension Right (as defined in the Definitive Proxy Statement) as contemplated
by our IPO prospectus and in accordance with the Articles, if requested by CC Sponsor LLC, a Cayman Islands limited liability company
(the “Sponsor”), and upon five days’ advance notice prior to the applicable Termination Date, until May 23, 2024 (the
date which is 30 months from the closing date of the Company’s IPO) (the “Additional Articles Extension Date”). The
purpose of the supplemental disclosures is solely to amend the Definitive Proxy Statement that for each instance of February 23, 2024
we amend to refer to May 23, 2024.
Terms used herein, unless otherwise defined, have the
meanings set forth in the Definitive Proxy Statement.
Extension Amendment Proposal
and the Contribution
To allow for
additional time to consummate the potential business combination, the Board of Directors of the Company believes it is in the best interests
of the Company’s stockholders to approve the Extension Amendment Proposal to extend the date by which the Company must consummate
a business combination through the Additional Articles Extension Date.
The Definitive
Proxy Statement is hereby amended in that for each instance of February 23, 2024 we amend to refer to May 23, 2024.
1. Proposal No.
1 — The Extension Amendment Proposal — To amend, by way of special resolution, CCAP’s Articles
to extend the date (the “Termination Date”) by which CCAP has to consummate a Business Combination (the “Extension
Amendment”) from May 23, 2023 (the date which is 18 months from the closing date of the Company’s initial public
offering of shares of Class A shares (the “IPO”) (the “Original Termination Date”) to November 23,
2023 (the date which is 24 months from the closing date of the Company’s IPO) (the “Articles Extension Date”),
or such earlier date as determined by CCAP’s board of directors (the “Board”), and to allow the Board of CCAP,
without another shareholder vote, to extend the period of time to consummate the initial business combination for an additional 6 months
after the Articles Extension Date on the same terms as the Original Extension Right (as defined below) as contemplated by our IPO prospectus
and in accordance with the Articles, if requested by CC Sponsor LLC, a Cayman Islands limited liability company (the “Sponsor”),
and upon five days’ advance notice prior to the applicable Termination Date, until May 23, 2024 (the date which is 30 months
from the closing date of the Company’s IPO) (the “Additional Articles Extension Date”), or a total of twelve months
after the Original Termination Date, as provided by the first resolution in the form set forth in Annex A to the accompanying proxy
statement (the “Extension Amendment Proposal”);
As contemplated
by the Articles, the holders of CCAP’s Class A ordinary shares, par value $0.0001 per share (the “Class A Ordinary
Shares”), issued as part of the units sold in CCAP’s initial public offering (the “Public Shares”)
may elect to redeem all or a portion of their Public Shares in exchange for their pro rata portion of the funds held in a trust account
(the “Trust Account”) established to hold a portion of the proceeds of the initial public offering and the concurrent
sale of the private placement warrants (the “Private Placement Warrants”), if the Extension Amendment is implemented
(the “Redemption”), regardless of how such public shareholders vote in regard to the Extension Amendment Proposal. If
the Extension Amendment Proposal is approved by the requisite vote of shareholders, the holders of Public Shares remaining after the Redemption
will retain their right to redeem their Public Shares for their pro rata portion of the funds available in the Trust Account upon consummation
of a Business Combination or if CCAP does not complete a Business Combination by the Articles Extension Date or the Additional Articles
Extension Date (May 23, 2024 (the date which is 30 months from the closing date of the Company’s IPO)).
Without the Extension
Amendment (as defined below) and assuming the Original Extension Right is not exercised, CCAP believes that it will not, despite its best
efforts, be able to complete an initial business combination (a “Business Combination”) on or before May 23, 2023.
The Board believes that it is in the best interests of CCAP’s shareholders to continue CCAP’s existence until May 23, 2024,
if necessary, in order to allow CCAP additional time to complete a Business Combination and is therefore holding this Shareholder Meeting.
| 1. | Proposal No. 1 — The Extension Amendment Proposal — To amend, by way of special resolution,
CCAP’s Articles to extend the date (the “Extension Amendment”) from May 23, 2023 (the date which is 18 months
from the closing date of the Company’s initial public offering of shares of Class A shares (the “IPO”) (the
“Original Termination Date”) to November 23, 2023 (the date which is 24 months from the closing date of the
Company’s IPO) (the “Articles Extension Date”), or such earlier date as determined by CCAP’s board of directors
(the “Board”), and to allow the Board of CCAP, without another shareholder vote, to extend the period of time to consummate
the initial business combination for an additional 6 months after the Articles Extension Date on the same terms as the Original Extension
Right (as defined below) as contemplated by our IPO prospectus and in accordance with the Articles, if requested by CC Sponsor LLC, a
Cayman Islands limited liability company (the “Sponsor”), and upon five days’ advance notice prior to the
applicable Termination Date, until May 23, 2024 (the date which is 30 months from the closing date of the Company’s IPO)
(the “Additional Articles Extension Date”), or a total of twelve months after the Original Termination Date, as
provided by the first resolution in the form set forth in Annex A to this proxy statement (the “Extension Amendment Proposal”); |
| 1. | Proposal No. 1 — The Extension Amendment Proposal — To amend, by way of special resolution, CCAP’s
Articles to extend the Termination Date by which CCAP has to consummate a Business Combination from the Original Termination Date to the
Articles Extension Date and to allow the Board of CCAP, without another shareholder vote, to extend the Termination Date to consummate
a Business Combination for an additional 6 months after the Articles Extension Date, by resolution of the Board, if requested by
the Sponsor, and upon five days’ advance notice prior to the applicable Termination Date, until May 23, 2024, or a total of
twelve months after the Original Termination Date, as provided by the first resolution in the form set forth in Annex A to this
proxy statement; |
| 1. | The Extension Amendment Proposal — To amend, by way of special resolution, CCAP’s Articles to extend the date (the “Termination
Date”) by which CCAP has to consummate a Business Combination (the “Extension Amendment”) from May 23, 2023
(the date which is 18 months from the closing date of the Company’s initial public offering of shares of Class A shares (the “IPO”)
(the “Original Termination Date”) to November 23, 2023 (the date which is 24 months from the closing date of the Company’s
IPO) (the “Articles Extension Date”), or such earlier date as determined by CCAP’s board of directors (the “Board”),
and to allow the board of CCAP, without another shareholder vote, to extend the period of time to consummate the initial business combination
for an additional 6 months after the Articles Extension Date on the same terms as the Original Extension Right (as defined below) as contemplated
by our IPO prospectus and in accordance with the Articles, if requested by CC Sponsor LLC, a Cayman Islands limited liability company
(the “Sponsor”), and upon five days’ advance notice prior to the applicable Termination Date, until May 23, 2024
(the date which is 30 months from the closing date of the Company’s IPO) (the “Additional Articles Extension Date”),
or a total of twelve months after the Original Termination Date, as provided by the first resolution in the form set forth in Annex A
to the accompanying proxy statement (the “Extension Amendment Proposal”); |
Forward-Looking Statements
This Current
Report on Form 8-K includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States
Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events involving, or future performance
of, the Company. In some cases, you can identify forward-looking statements by terminology such as “pro forma”, “may”,
“should”, “could”, “might”, “plan”, “possible”, “project”, “strive”,
“budget”, “forecast”, “expect”, “intend”, “will”, “estimate”,
“anticipate”, “believe”, “predict”, “potential” or “continue”, or the negatives
of these terms or variations of them or similar terminology. Such forward-looking statements are subject to risks, uncertainties, and
other factors, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements.
These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by the Company and its management,
are inherently uncertain. Certain risks and uncertainties are set forth in the section entitled “Risk Factors” and “Cautionary
Note Regarding Forward-Looking Statements” in the Company’s annual report on Form 10-K dated April 14, 2023, relating to certain
risks and uncertainties indicated from time to time in the definitive proxy statement to be delivered to the Company’s stockholders,
including those set forth under “Risk Factors” therein, and other documents filed to be filed with the SEC by the Company.
Additional Information and Where to Find It
The Company
has filed with the SEC a definitive proxy statement (the “Definitive Proxy Statement”) in connection with the Shareholder
Meeting and, beginning on April 19, 2023, mailed the Definitive Proxy Statement and other relevant documents to its stockholders as of
the April 19, 2023 record date for the Shareholder Meeting. The Company’s stockholders and other interested persons are advised
to read the Definitive Proxy Statement and any other relevant documents that have been or will be filed with the SEC in connection with
the Company’s solicitation of proxies for the Shareholder Meeting because these documents will contain important information about
the Company, the Extension Amendment and related matters. Stockholders may also obtain a free copy of the Definitive Proxy Statement,
as well as other relevant documents that have been or will be filed with the SEC, without charge, at the SEC’s website located at
www.sec.gov.
Participants in the Solicitation
The Company
and its directors and executive officers may be considered participants in the solicitation of proxies from the Company’s stockholders
in connection with the Shareholder Meeting. Additional information regarding the identity of these potential participants and their direct
or indirect interests, by security holdings or otherwise, is set forth in the Definitive Proxy Statement. You may obtain free copies of
these documents using the sources indicated above.