# EDGAR Filing Document

**Accession Number:** 0001809353
**File Stem:** 0001104659-23-026807
**Filing Date:** 2023-2
**Character Count:** 21721
**Document Hash:** 230cff6e3651e83cfe74ad8aaa0e5233
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-23-026807.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0001104659-23-026807

**CONFORMED SUBMISSION TYPE**: 425

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230228

**DATE AS OF CHANGE**: 20230228

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HPX Corp.
- **CENTRAL INDEX KEY:** 0001809353
- **STANDARD INDUSTRIAL CLASSIFICATION:** BLANK CHECKS [6770]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 425
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-39382
- **FILM NUMBER:** 23687009

**BUSINESS ADDRESS:**
- **STREET 1:** 1000 N. WEST STREET, SUITE 1200
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19801
- **BUSINESS PHONE:** (302) 295-4929

**MAIL ADDRESS:**
- **STREET 1:** 1000 N. WEST STREET, SUITE 1200
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19801
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HPX Corp.
- **CENTRAL INDEX KEY:** 0001809353
- **STANDARD INDUSTRIAL CLASSIFICATION:** BLANK CHECKS [6770]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 425

**BUSINESS ADDRESS:**
- **STREET 1:** 1000 N. WEST STREET, SUITE 1200
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19801
- **BUSINESS PHONE:** (302) 295-4929

**MAIL ADDRESS:**
- **STREET 1:** 1000 N. WEST STREET, SUITE 1200
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19801

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, DC 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):**

**February 28, 2023**

**HPX CORP.**

**(Exact Name of Registrant as Specified in its Charter)** 

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| | | |
|:---|:---|:---|
| **Cayman Islands** | **001-39382** | **98-1550444** |
| **(State or other jurisdiction**<br> **of incorporation)** | **(Commission**<br> **File Number)** | **(I.R.S. Employer**<br> **Identification No.)**  |

---

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| | |
|:---|:---|
| **1000 N. West Street, Suite 1200**<br> **Wilmington, DE** | **19801** |
| **(Address of Principal Executive Offices)** | **(Zip Code)** |

---

**Registrant's telephone number, including area code: (302) 295-4929**

**Not Applicable** 

**(Former name or former address, if changed since last report)** 

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 (see General Instruction A.2. below):

⌧ 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:

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading <br> Symbol(s)** | **Name of each exchange <br> on which registered** |
| **Class A ordinary shares, par value $0.0001 per share** | **HPX** | **NYSE American LLC** |
| **Redeemable warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50** | **HPX.WS** | **NYSE American LLC** |
| **Units, each consisting of one Class A ordinary share and one-half of one redeemable warrant** | **HPX.U** | **NYSE American LLC** |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers**

As described below under Item 5.07 of this Current Report on Form 8-K, on February 28, 2023, HPX Corp. (the "**Company**", "**HPX**" or "**we**") convened an extraordinary general meeting (the "**General Meeting**") to approve, among other things, the previously announced business combination of the Company and Emergência Participações S.A. (the "**Business Combination**").

**Item 5.07 Submission of Matters to a Vote of Security Holders.**

Set forth below are the final voting results for each of the proposals submitted to a vote of the shareholders of the Company at the General Meeting:

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| | | | | |
|:---|:---|:---|:---|:---|
|  |  | **Votes For** | **Votes Against** | **Abstentions** |
| 1. | A proposal to consider and vote upon a proposal to approve and adopt by ordinary resolution the transactions contemplated by the Business Combination Agreement, dated as of July 5, 2022 (as may be amended, supplemented, or otherwise modified from time to time, the "Business Combination Agreement," and, the transactions contemplated thereby, collectively, the "Business Combination"), by and among HPX, Ambipar Emergency Response, an exempted company incorporated with limited liability in the Cayman Islands ("New PubCo"), Ambipar Merger Sub, an exempted company incorporated with limited liability in the Cayman Islands ("Merger Sub"), Emergência Participações S.A., a sociedade anônima organized under the laws of Brazil ("Emergencia"), and Ambipar Participações e Empreendimentos S.A., a sociedade anônima organized under the laws of Brazil ("Ambipar"), a copy of which is attached to the accompanying proxy statement/prospectus as Annex A, pursuant to which, among other things, (i) HPX shall be merged with and into New PubCo, with New PubCo as the surviving entity and (ii) Merger Sub shall subsequently be merged with and into New PubCo, with New PubCo as the surviving entity; | 7133547 | 125508 | 0 |

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| | | | | |
|:---|:---|:---|:---|:---|
|  |  | **Votes For** | **Votes Against** | **Abstentions** |
| 2A. | A proposal to consider and vote, by way of a special resolution, upon a proposal to (i) authorize HPX to merge with and into New PubCo, with New PubCo as the surviving entity, and that all the undertaking, property and liabilities of HPX vest in New PubCo by virtue of such merger pursuant to the Companies Act (As Revised) of the Cayman Islands (the "First Plan of Merger"); (ii) authorize, approve and confirm, in all respects, the First Plan of Merger, a copy of which is attached to the accompanying proxy statement/prospectus as Annex B, and authorize HPX entering into the First Plan of Merger; and (iii) upon the Effective Date (as defined in the First Plan of Merger), (a) approve that the memorandum and articles of association of New PubCo in effect as of the date of the accompanying proxy statement/prospectus be amended and restated by their deletion in their entirety and replacement with, and the adoption of, the amended and restated memorandum and articles of association annexed to the First Plan of Merger, (b) approve that the authorized share capital of New PubCo be amended and re- designated as set forth in the First Plan of Merger, (c) approve that the First Plan of Merger be executed by any director on behalf of HPX, and authorize to submit the First Plan of Merger, together with any supporting documentation, for registration to the Registrar of Companies of the Cayman Islands, and (d) confirm, ratify and approve in all respects all actions taken and documents or agreements executed, signed or delivered by any director or officer of HPX in connection with or ancillary to all such contemplated transactions; | 7133547 | 125508 | 0 |

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| | | | | |
|:---|:---|:---|:---|:---|
|  |  | **Votes For** | **Votes Against** | **Abstentions** |
| 2B. | A proposal to consider and vote, by way of a special resolution, upon a proposal to (i) authorize the merger of Merger Sub with and into New PubCo, with New PubCo as the surviving entity, and that all the undertaking, property and liabilities of Merger Sub vest in New PubCo by virtue of such merger pursuant to the Companies Act (As Revised) of the Cayman Islands (the "Second Plan of Merger" and, together with the First Plan of Merger, the "Plans of Merger"); (ii) authorize, approve and confirm, in all respects, the Second Plan of Merger, a copy of which is attached to the accompanying proxy statement/prospectus as Annex C, and authorize New PubCo entering into the Second Plan of Merger; and (iii) upon the Effective Date (as defined in the Second Plan of Merger), (a) approve the authorized share capital of New PubCo as set forth in the Second Plan of Merger, (b) approve that the Second Plan of Merger be executed by any director on behalf of New PubCo, and authorize to submit the Second Plan of Merger, together with any supporting documentation, for registration to the Registrar of Companies of the Cayman Islands, and (c) confirm, ratify and approve in all respects all actions taken and documents or agreements executed, signed or delivered by any director or officer of New PubCo in connection with or ancillary to all such contemplated transactions; | 7133547 | 125508 | 0 |

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| | | | | |
|:---|:---|:---|:---|:---|
|  |  | **Votes For** | **Votes Against** | **Abstentions** |
| 3A. | A proposal to consider and vote, by way of ordinary resolution, upon a proposal to approve the principal differences between the existing amended and restated memorandum and articles of association of HPX (collectively, the "Existing Governing Documents") and the amended and restated memorandum and articles of association of New PubCo to be adopted pursuant to the&nbsp;&nbsp;&nbsp;&nbsp;First Plan of Merger (collectively, the "Proposed Governing Documents"), a copy of which is attached to the accompanying proxy statement/prospectus as Annex D, in particular that the authorized share capital of HPX be changed and amended from (i) 500,000,000 Class A ordinary shares, $0.0001 par value each, 50,000,000 Class B ordinary shares, $0.0001 par value each, and 5,000,000 undesignated preference shares, $0.0001 par value each, to (ii) (a) 250,000,000 New PubCo Class A ordinary shares, par value $0.0001 per Class A ordinary share, (b) 150,000,000 New PubCo Class B ordinary shares, par value $0.0001 per Class B ordinary share, and (c) 100,000,000 shares of such class or classes (howsoever designated) and having the rights as the board of directors of New PubCo may determine from time to time in accordance with the Proposed Governing Documents (the "Change in Authorized Share Capital Proposal"); | 7133547 | 125508 | 0 |

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| | | | | |
|:---|:---|:---|:---|:---|
|  |  | **Votes For** | **Votes Against** | **Abstentions** |
| 3B. | A proposal to consider and vote, by way of ordinary resolution, upon a proposal to approve the principal differences between the Existing Governing Documents and the Proposed Governing Documents, a copy of which is attached to the accompanying proxy statement/ prospectus as Annex D, in particular with respect to the method of appointment and election of directors to the board of directors of New PubCo (the "Method to Appoint and Elect Directors Proposal"); | 7133547 | 125508 | 0 |

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| | | | | |
|:---|:---|:---|:---|:---|
|  |  | **Votes For** | **Votes Against** | **Abstentions** |
| 3C. | A proposal to consider and vote, by way of ordinary resolution, upon a proposal to approve the principal differences between the Existing Governing Documents and the Proposed Governing Documents, a copy of which is attached to the accompanying proxy statement/prospectus as Annex D, in particular with respect to the changes in connection with the adoption of the Proposed Governing Documents other than those being considered and voted under the Change in Authorized Share Capital Proposal and the Method to Appoint and Elect Directors Proposal; | 7133547 | 125508 | 0 |

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| | | | | |
|:---|:---|:---|:---|:---|
|  |  | **Votes For** | **Votes Against** | **Abstentions** |
| 4. | A proposal to consider and vote upon a proposal to approve the adjournment of the extraordinary general meeting to a later date or dates (i) to the extent necessary to ensure that any required supplement or amendment to the accompanying proxy statement/prospectus is provided to HPX shareholders, (ii) in order to solicit additional proxies from HPX shareholders in favor of one or more of the proposals at the extraordinary general meeting, or (iii) if HPX shareholders redeem an amount of the public shares such that the condition to consummation of the Business Combination that the aggregate cash in the trust account (after deducting any amounts to be paid to HPX shareholders that exercise their redemption rights in connection with the Business Combination), together with the net proceeds received by New PubCo in cash or in kind from the issuance and sale of an aggregate of 16,200,000 New PubCo Ordinary Shares pursuant to the subscription agreements with Ambipar and certain investors, equal no less than $168,000,000 (without considering any payment of Business Combination related transaction expenses) would not be satisfied; | 7113747 | 145308 | 0 |

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Based upon the submission of proxies and ballots, a majority of the shares of HPX ordinary shares issued and outstanding and entitled to vote at the close of business on the record date were present at the General Meeting by proxy or by attendance, including via the virtual meeting website, which constituted a quorum. Proposal 1 was approved by the required vote. Proposal 2A was approved by the required vote. Proposal 2B was approved by the required vote. Proposal 3A was approved by the required vote. Proposal 3B was approved by the required vote. Proposal 3C was approved by the required vote. Proposal 4 was approved by the required vote.

**Item 8.01 Other Events.**

In connection with the shareholder vote at the General Meeting, HPX's public shareholders had the right to elect to redeem all or a portion of their Class A ordinary shares for a per share price calculated in accordance with HPX's organizational documents. HPX's public shareholders holding 1,258,439 Class A ordinary shares validly elected to redeem their public shares as of 5:00 p.m., Eastern Time, on February 24, 2023.

On February 28, 2023, HPX issued a press release announcing the results of the General Meeting. A copy of the press release is attached as Exhibit 99.1.

The Closing is expected to occur on or about March 3, 2023, subject to the satisfaction or waiver of the conditions with respect to the Business Combination

**Item 9.01 Financial Statements and Exhibits.**

(d) Exhibits.

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| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| [99.1](tm238080d2_ex99-1.htm) | [Press Release dated February 28, 2023.](tm238080d2_ex99-1.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: February 28, 2023

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| | |
|:---|:---|
| HPX CORP. | HPX CORP. |
| By: | /s/ Carlos Piani |
|  | Carlos Piani |
|  | Chief Executive Officer and Chief Financial Officer |

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## Exhibit 99.1

**Exhibit 99.1**

**HPX Corp. Shareholders Approve Proposed Merger Transaction with Emergência Participações S.A.**

*Transaction Expected to Close on March 3, 2023*

**New York, NY and São Paulo, Brazil – February 28, 2023** – <u>HPX Corp.</u> (<u>NYSE American: HPX</u>), a special purpose acquisition company ("SPAC") focused on Brazil, today announced that HPX's shareholders voted to approve its proposed business combination with <u>Emergência Participações S.A.</u> ("Emergencia"), a leading environmental and industrial service provider in Brazil with a global presence.

The vast majority of the votes cast at the meeting voted to approve the transaction.

The business combination is scheduled to close on March 3, 2023 and the post-closing company will be named "Ambipar Emergency Response." The common stock and warrants of the combined company are set to begin trading on NYSE American on March 6, 2023 under the new ticker symbols, "AMBI" and "AMBIWS", respectively.

The formal results of the vote will be included in a Current Report on Form 8-K to be filed by HPX Corp. with the Securities and Exchange Commission.

**About Emergencia**

Founded in 2008 as part of the Ambipar group, Emergencia is a leading environmental, emergency response and industrial field service provider in Brazil with presence in 16 countries in Latin America, North America, Europe, Africa and Antarctica and operating 217 service centers as of June 30, 2022. For more information, visit <u>www.ambipar.com</u>.

**About HPX Corp.**

HPX (NYSE American: HPX) is a special purpose acquisition company ("SPAC") that, since its $253 million initial public offering on NYSE in July 2020, has sought to combine its business with a Brazil-based company in an industry which would benefit from long-term growth in the Brazilian economy, with an international expansion plan as part of its overall growth strategy and that could benefit from HPX's management team's experience in operating in global markets. HPX's sponsor is HPX Capital Partners LLC, which is controlled by Bernardo Hees and Rodrigo Xavier, both co-chairmen of HPX's board of directors, and Carlos Piani, HPX's CEO and CFO. For more information, visit hpxcorp.com.

**Forward-Looking Statements**

The information in this press release 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 may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "expect," "anticipate," "believe," "seek," "target" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of financial and performance metrics, projections of market opportunity and market share, expectations and timing related to commercial product launches, potential benefits of the transaction and expectations related to the terms and timing of the Business Combination. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Emergencia's and HPX's management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Emergencia and HPX. These forward-looking statements are subject to a number of risks and uncertainties, including those factors discussed in the proxy statement/prospectus that forms a part of Ambipar Emergency Response's Registration Statement on Form F-4 (Reg No. 333-268795), filed with the SEC on January 30, 2023, under the heading "Risk Factors," and other documents of Ambipar Emergency Response or HPX filed, or to be filed, with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that neither HPX nor Emergencia presently know or that HPX and Emergencia currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect HPX's and Emergencia's expectations, plans or forecasts of future events and views as of the date of this press release. HPX and Emergencia anticipate that subsequent events and developments may cause HPX's or Emergencia's assessments to change. However, while HPX and Emergencia may elect to update these forward-looking statements at some point in the future, HPX and Emergencia specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing HPX's or Emergencia's assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.

**No Offer or Solicitation**

This press release shall not constitute a "solicitation" (as defined in Section 14 of the Securities Exchange Act of 1934, as amended); it does it constitute an offer to sell or the solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

###

**Contacts** 

HPX Corp.

<u>ir@hpxcorp.com</u>