UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or Section 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): ~~February~~ 7June 20, 2023 (~~February 1~~June 15, 2023)

Sustainable Development Acquisition I Corp.

(Exact name of registrant as specified in its charter)

Delaware

001-40002

85-4353398

(State or other jurisdiction of

incorporation or organization)

(Commission

File Number)

(I.R.S. Employer

Identification Number)

5701 Truxtun Avenue, Suite 201

Bakersfield, California

93309

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including area code: (323) 329-8221

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 to 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~~TradingSymbol(s)	Name of each exchange on which registered
Units, each consisting of one share of Class A common stock, $0.0001 par value, and one-half of one redeemable warrant	SDACU	The Nasdaq Capital Market
Shares of Class A common stock included as part of the units	SDAC	The Nasdaq Capital Market
Redeemable warrants included as part of the units, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50	SDACW	The Nasdaq Capital Market

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

Emerging growth company x ☒

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 53.0301 ~~Amendments~~Notice of Delisting or Failure to ~~Articles~~Satisfy ofa ~~Incorporation~~Continued Listing Rule or ~~Bylaws~~Standard; ~~Change~~Transfer inof ~~Fiscal Year~~Listing.

On ~~February 1~~June 15, 2023, ~~stockholders of~~ Sustainable Development Acquisition I Corp. (the “Company”) ~~held~~received a ~~special~~notification ~~meeting~~letter ~~of stockholders~~ (the “~~Special~~Notification ~~Meeting~~Letter”)~~, where~~ ~~the~~from ~~stockholders~~The ofNasdaq ~~the~~Stock ~~Company~~Market, ~~approved~~LLC ~~an amendment~~ (~~the~~ “~~Extension Amendment~~Nasdaq”) tothat ~~the~~it ~~Amended~~is ~~and~~not ~~Restated~~in ~~Certificate of~~compliance ~~Incorporation~~with the minimum Market Value of ~~the~~Listed ~~Company~~Securities (the “~~Charter~~MVLS”) toset ~~extend~~forth ~~the~~in ~~date~~Nasdaq byListing ~~which~~Rule ~~the Company must~~ 5450(ib)(2) ~~consummate~~for acontinued ~~merger,~~listing ~~capital stock~~on ~~exchange,~~Nasdaq. ~~asset~~Nasdaq ~~acquisition,~~Listing ~~stock~~Rule ~~purchase,~~5550(b)(2) ~~reorganization~~requires orlisted ~~similar~~securities ~~business~~to ~~combination~~maintain ~~involving~~a ~~the~~MVLS ~~Company~~of $35,000,000, and ~~one~~Nasdaq orListing ~~more businesses,~~Rule ~~which~~5810(c)(3)(c) weprovides ~~refer~~that toa asfailure ato ~~“business~~meet ~~combination,”~~the ~~(ii)~~minimum ~~cease~~MVLS ~~its~~requirement ~~operations~~exists if itthe ~~fails~~deficiency tocontinues ~~complete~~for ~~such~~a ~~business combination,~~period ~~and~~of ~~(iii)~~30 ~~redeem~~consecutive orbusiness ~~repurchase~~days. ~~100%~~Based on the MVLS of the Company’s ~~Class A~~ common stock ~~included~~between asMay 1, ~~part~~2023 ofand June 14, 2023, the ~~units~~Company ~~sold~~no inlonger meets the ~~Company’s~~ ~~initial~~minimum ~~public~~MVLS ~~offering~~requirement. ~~that~~The ~~was~~Notification ~~consummated~~Letter onis ~~February~~only 4,a ~~2021~~notification ~~from~~of ~~February 4~~deficiency, ~~2023~~not toof ~~August~~imminent 12delisting, ~~2023.~~and ~~The~~has ~~Company filed~~no ~~the~~current ~~Extension~~effect ~~Amendment~~on ~~with~~ the ~~Secretary~~listing ofor ~~State~~trading of the ~~State~~Company’s ~~of Delaware on February 2, 2023~~securities.

AThe ~~copy~~Notification Letter provides that the Company has 180 calendar days, or until December 12, 2023, to regain compliance with the MVLS requirement (the “Compliance Period”). The Company’s securities will continue to trade on Nasdaq during the Compliance Period. To regain compliance, the minimum MVLS price of the ~~Extension~~Company’s ~~Amendment~~common isstock ~~filed~~must ~~herewith as~~close ~~Exhibit~~at 3or above $35,000,000 for a minimum of ten consecutive business days during the Compliance Period.1 ~~and~~If isthe ~~incorporated~~Company ~~herein~~does not regain compliance by ~~reference~~December 12, 2023, it will receive written notice from Nasdaq that its securities are subject to delisting. At that time, the Company may appeal the delisting determination to a Hearings Panel in accordance with Nasdaq Listing Rule 5815.

~~Item~~The ~~5.07~~Company ~~Submission~~intends to monitor the minimum MVLS price requirement of ~~Matters~~its common stock and may, if appropriate, consider implementing available options to aregain ~~Vote~~compliance with the MVLS requirement. While the Company is exercising diligent efforts to maintain the listing of ~~Security~~its ~~Holders~~common stock on The Nasdaq Capital Market, there can be no assurance that the Company will be able to regain or maintain compliance with the MVLS requirement.

At the Company’s Special Meeting, the following proposals were considered and acted upon by the stockholders of the Company: (a) a proposal to approve the Extension Amendment (the “Extension Amendment Proposal”); and (b) a proposal to approve the adjournment of the Special Meeting to a later date or dates, if necessary, to permit further solicitation and vote of proxies in the event that there are insufficient votes for, or otherwise in connection with, the approval of any of the foregoing proposals (the “Adjournment Proposal”). The number of votes cast for or against, as well as the number of abstentions as to each proposal, are set forth below.

Extension Amendment Proposal

Votes For		Votes Against				Abstentions
27,804,510			4,298,340				0

Accordingly, the Extension Amendment Proposal was approved.

As there were sufficient votes at the time of the Special Meeting to approve the above proposal, the Adjournment Proposal, which had been previously voted on by proxy, was not presented to stockholders at the Special Meeting.

Item 9.01.

Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.		Description
ExhibitNo.		Description
3.1		Certificate of Amendment of the Amended and Restated Certificate of Incorporation, adopted by stockholders of the Company on February 1, 2023 and filed with the Secretary of State of the State of Delaware on February 2, 2023
104		Cover Page Interactive Data File (formatted as Inline XBRL)

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.

Dated: ~~February~~June 720, 2023


SUSTAINABLE DEVELOPMENT ACQUISITION I CORP.

By:		/s/ Eric Techel
Name:		Eric Techel
Title:		Chief Financial Officer

Filing Compare · Sustainable Development Acquisition I Corp.