THUNDER BRIDGE CAPITAL PARTNERS IV, INC. : Other Events, Financial Statements and Exhibits (form 8-K)

Item 8.01 Other Events.

On or about June 1, 2023, Thunder Bridge Capital Partners IV, Inc. (the "Company") mailed proxy materials to its stockholders, in connection with a special meeting in lieu of an annual meeting of stockholders of the Company, to be held on June 21, 2023 (the "Meeting"). In connection with the Meeting, the stockholders holding shares of the Company's common stock that were issued in the Company's initial public offering (the "Public Shares") will be entitled to elect to redeem their Public Shares for a pro rata amount of the funds held in the trust account set up by the Company in connection with the consummation of its initial public offering that contains the net proceeds of the sale of the Public Shares and concurrent private placement (the "Trust Account"), net of accrued interest removable to pay taxes.

Pursuant to the Inflation Reduction Act of 2022, a U.S. federal excise tax has been imposed on certain repurchases (including redemptions) of stock by publicly traded domestic (i.e., U.S.) corporations and certain domestic subsidiaries of publicly traded foreign corporations. The excise tax is imposed on the repurchasing corporation and not on its stockholders. The amount of the excise tax is equal to 1% of the fair market value of the shares repurchased at the time of the repurchase, subject to certain exceptions and carveouts. Accordingly, redemptions of our Public Shares in connection with the Meeting may subject the Company to pay the excise tax.

In the event the Company is required to pay the excise tax, it will not withdraw any amounts from the Trust Account, including interest earned on the Trust Account, to pay for any excise tax that may be due.

Additional Information and Where to Find It

On May 31, 2023, the Company filed with the Securities and Exchange Commission (the "SEC") a definitive proxy statement (the "Proxy Statement") in connection with the Meeting and, beginning on June 1, 2023, mailed the Proxy Statement and other relevant documents to its stockholders as of the May 10, 2023 record date for the Meeting. The Company's stockholders and other interested persons are advised to read the 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 Meeting because these documents will contain important information about the Company, the proposed extension of the term of the Company, and related matters. Stockholders may also obtain a free copy of the 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 or by directing a request to Morrow Sodali LLC at [phone] (toll free) or by email at [e-mail].

                                       1

Participants in Solicitation

The Company and its directors and executive officers may be deemed participants in the solicitation of proxies from its stockholders with respect to Meeting. A list of the names of those directors and executive officers is available in its annual report on Form 10-K filed with the SEC on March 31, 2023. Additional information regarding the interests of the participants in the proxy solicitation is contained in the proxy materials.

Forward-Looking Statements

This Current Report on Form 8-K contains, and certain oral statements made by representatives of the Company from time to time may include, "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements can be identified by words such as "will likely result," "are expected to," "will continue," "is anticipated," "estimated," "believe," "intend," "plan," "projection," "outlook" or words of similar meaning. Such forward-looking statements are based upon the current beliefs and expectations of the Company's management and are inherently subject to significant risks, uncertainties and other factors, many of which are difficult to predict and generally beyond the Company's control. Actual results and the timing of events may differ materially from the results anticipated in these forward-looking statements.

You are cautioned not to place undue reliance on forward-looking statements. All information set forth herein speaks only as of the date hereof and we disclaim any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this communication.

No Offer or Solicitation

This Current Report on Form 8-K shall not constitute a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the Meeting. This Current Report on Form 8-K also shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or an exemption therefrom.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits



Exhibit No.   Description

104           Cover Page Interactive Data File (embedded within the Inline XBRL document)




                                       2

© Edgar Online, source Glimpses