While the SPAC said in its latest filing it is in talks with a potential merger target, it may be unable to reach an agreement before the current Dec. 1 deadline. Shareholders at a Nov. 24 meeting will be asked to extend the deadline to June 30. Although the last extension was approved almost unanimously by shareholders, redemptions totaled more than $176M at the time. Read more.
Related Posts
Collective Growth Expects $230M in PIPE Deals Following Innoviz Merger
The combined company is expected to have an estimated equity value of approximately $1.4 billion.
Pono Capital Two Files Proxy on SBC Medical Deal
Tokyo-based SBC Medical Group specializes in medical care and special treatment including cosmetic surgery, infertility, dental, and orthopedics.
Delwinds Lowers Share Payout to Foxo Management
The definitive agreement includes no minimum cash closing requirement.
RMG Acquisition V Files for $425M IPO
RMG V has not selected a specific sector to target. The management team's first two RMG SPACs reached merger agreements with power companies.