Recent Updates — CPTKW

The U.S. Securities and Exchange Commission declared the Form F-4 registration statement effective on November 4, 2026, clearing a key regulatory hurdle for the proposed business combination between Crown PropTech Acquisitions (CPTK) and Mkango Rare Earths Limited (MKAR). CPTK commenced mailing the definitive proxy statement/prospectus to its shareholders of record as of October 30, 2026. The Extraordinary General Meeting to vote on the transaction is scheduled for November 25, 2026, with a redemption deadline of November 23, 2026. MKAR's common shares and warrants are expected to list on Nasdaq under symbols "MKAR" and "MKARW" upon closing, subject to shareholder approval and Nasdaq listing requirements. Crown PropTech Acquisitions is a special purpose acquisition company (SPAC) formed to effect a business combination with one or more businesses.

Crown PropTech Acquisitions filed an 8-K on September 2, 2026, announcing the execution of an Amended and Restated Business Combination Agreement with Mkango Rare Earths Limited (PubCo) and its subsidiaries. The agreement consolidates prior amendments and clarifies share reclassification timing relative to the Share Adjustment. Concurrently, the parties entered Amendment No. 1 to the Sponsor Support Agreement, updating escrow provisions for Founder Shares held by co-sponsor CIIG Management III LLC and adding a termination clause if Available Gross SPAC Cash exceeds $10,000,000 at Closing. The filing also details revised Registration Rights and Lock-Up Agreements, shortening transfer restrictions for NRA Investors from one year to 180 days (subject to price conditions). Additionally, Crown PropTech entered into non-redemption agreements with BlackRock-managed funds to hold 400,000 public shares at the upcoming Business Combination Meeting in exchange for modified lock-up terms on approximately 510,000 founder shares. This transaction aims to secure at least $4.8 million in the Trust Account and contribute toward a $5,000,000 minimum cash condition. Crown PropTech Acquisitions operates as a blank check company (SPAC) focused on effecting a merger with Mkango Rare Earths Limited, a rare earth mining and exploration company.