UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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| Item 8.01. | Other Events. |
On August 22, 2024, TortoiseEcofin Acquisition Corp. III, a Cayman Islands exempted company (the “Company”), issued a press release announcing its intent to liquidate as soon as practicable. A copy of the press release with respect to the liquidation is attached as Exhibit 99.1 hereto and is incorporated herein by reference.
As previously disclosed, on July 25, 2024, the Company received a notice from One Energy Enterprises Inc. (“One Energy”) purporting to unilaterally terminate the Amended and Restated Business Combination Agreement, dated as of February 14, 2024, between the parties (the “Business Combination Agreement”), due to the suspension of the Company’s securities from trading on the
In view of the foregoing, the Board of Directors of the Company has determined to liquidate the trust account and the Company’s sponsor will not make any further contributions to the Company’s trust account.
The Company expects to redeem all of its outstanding Class A ordinary shares for a pro rata amount of the principal and accrued interest in the trust account after the payment of taxes and dissolution expenses (the “Redemption Amount”). On or about the close of business on September 6, 2024, the Class A ordinary shares will be deemed canceled and will represent only the right to receive the Redemption Amount. The Redemption Amount will be payable to the holders of Class A ordinary shares through the facilities of Continental Stock Transfer & Trust Company, the Company’s transfer agent.
| Item 9.01. | Financial Statements and Exhibits |
(c) Exhibits:
Exhibit No. |
Description | |
| 99.1 | Press Release, dated August 22, 2024 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |
SIGNATURES
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.
Date: August 22, 2024
| TORTOISEECOFIN ACQUISITION CORP. III | ||
| By: | /s/ Vincent T. Cubbage | |
| Name: | Vincent T. Cubbage | |
| Title: | Chief Executive Officer | |