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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
July 3, 2023
MINORITY EQUALITY OPPORTUNITIES ACQUISITION
INC.
(Exact name of registrant as specified
in its charter)
Delaware |
|
001-40756 |
|
86-3436718 |
(State or other jurisdiction
of incorporation) |
|
(Commission File Number) |
|
(IRS Employer
Identification No.) |
100 Executive Court
Waxahachie, Texas 75165
(Address of principal executive offices, including
zip code)
(214) 444-7321
(Registrant’s telephone number, including
area code)
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ☐ | Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
Title of each class: |
|
Trading symbol |
|
Name of each exchange on which registered |
Units, each consisting of one share of Class A Common Stock, and one Warrant |
|
MEOAU |
|
The Nasdaq Stock Market LLC |
Class A Common Stock, par value
$0.0001 per share |
|
MEOA |
|
The Nasdaq Stock Market LLC |
Warrants, each warrant exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share |
|
MEOAW |
|
The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR§230.405) or Rule 12b-2 of the Securities
Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company ☒
If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act.
Item 8.01. Other Events.
On July 3, 2023, Minority
Equality Opportunities Acquisition Inc. (the “Company”) issued a press release announcing that, since the Company
did not complete an initial business combination on or prior to June 30, 2023, the deadline by which the Company must complete an initial
business combination pursuant to its Amended and Restated Certificate of Incorporation (the “Amended Charter”), the
Company intends to dissolve and liquidate in accordance with the provisions of the Amended Charter, and will redeem all of the outstanding shares of Class A common stock that were included in the units issued in the
Company’s initial public offering (the “Public Shares”), at an estimated per-share redemption price of approximately
$10.91 (after deducting anticipated liquidation expenses and tax obligations of the Company).
As of the close of business
on July 3, 2023, the Public Shares will be deemed cancelled and will represent only the right to receive the redemption amount.
In order to provide for
the disbursement of funds from the trust account, the Company has instructed Continental Stock Transfer & Trust Company, the trustee
of the trust account, to take all necessary actions to liquidate the securities held in the trust account. The proceeds of the trust account
will be held in a non-interest bearing account while awaiting disbursement to the holders of the Public Shares. Record holders will receive
their pro rata portion of the proceeds of the trust account by delivering their Public Shares to Continental Stock Transfer & Trust
Company, the Company’s transfer agent. Beneficial owners of Public Shares held in “street name,” however, will not need
to take any action in order to receive the redemption amount. The redemption of the Public Shares is expected to be completed on or about
July 17, 2023.
The Company’s sponsor
has agreed to waive its redemption rights with respect to its outstanding Class B common stock issued prior to the Company’s initial
public offering. There will be no redemption rights or liquidating distributions with respect to the Company’s warrants, which will
expire worthless.
The Company expects that
The Nasdaq Stock Market LLC will file a Form 25 with the United States Securities and Exchange Commission (the “Commission”)
to delist the Company’s securities. The Company thereafter expects to file a Form 15 with the Commission to terminate the registration
of its securities under the Securities Exchange Act of 1934, as amended.
A copy of the press release
is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
The following exhibits are being filed herewith:
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.
July 3, 2023 |
Minority Equality Opportunities Acquisition Inc. |
|
|
|
By: |
/s/ Shawn D. Rochester |
|
Name: |
Shawn D. Rochester |
|
Title: |
Chief Executive Officer |
2
Exhibit 99.1
Minority Equality Opportunities Acquisition
Inc. Announces it Will Redeem its Public Shares and Will Not
Consummate an Initial Business Combination
Waxahachie, TX, July 03, 2023 (GLOBE
NEWSWIRE) -- Minority Equality Opportunities Acquisition Inc. (the “Company”) (Nasdaq: MEOA), a special
purpose acquisition company, announced today that, since the Company did not complete an initial business combination on or prior to
June 30, 2023, the deadline by which the Company must complete an initial business combination pursuant to its Amended and Restated
Certificate of Incorporation (the “Amended Charter”), the Company intends to dissolve and liquidate in accordance with
the provisions of the Amended Charter, and will redeem all of the outstanding shares of Class A common stock that were included in
the units issued in the Company’s initial public offering (the “Public Shares”), at an estimated per-share
redemption price of approximately $10.91 (after deducting anticipated liquidation expenses and tax obligations of the Company).
As of the close of business on July 3, 2023,
the Public Shares will be deemed cancelled and will represent only the right to receive the redemption amount.
In order to provide for the disbursement of funds
from the trust account, the Company has instructed Continental Stock Transfer & Trust Company, the trustee of the trust account,
to take all necessary actions to liquidate the securities held in the trust account. The proceeds of the trust account will be held in
a non-interest bearing account while awaiting disbursement to the holders of the Public Shares. Record holders will receive their pro
rata portion of the proceeds of the trust account by delivering their Public Shares to Continental Stock Transfer & Trust Company,
the Company’s transfer agent. Beneficial owners of Public Shares held in “street name,” however, will not need to take
any action in order to receive the redemption amount. The redemption of the Public Shares is expected to be completed on or about July
17, 2023.
The Company’s sponsor has agreed to waive
its redemption rights with respect to its outstanding Class B common stock issued prior to the Company’s initial public offering.
There will be no redemption rights or liquidating distributions with respect to the Company’s warrants, which will expire worthless.
The Company expects that The Nasdaq Stock Market
LLC will file a Form 25 with the United States Securities and Exchange Commission (the “Commission”) to delist the Company’s
securities. The Company thereafter expects to file a Form 15 with the Commission to terminate the registration of its securities under
the Securities Exchange Act of 1934, as amended.
Forward-Looking Statements
This press release contains statements that constitute
“forward-looking statements.” Forward-looking statements are subject to numerous conditions, many of which are beyond the
control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus
for the offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation
to update these statements for revisions or changes after the date of this release, except as required by law.
Contact:
Shawn D. Rochester
Chief Executive Officer
(214) 444-7321
v3.23.2
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MINORITY EQUALITY OPPORTUNITIES ACQUISITION
INC.
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