Monocle said in a filing that shareholders approved extending the SPAC’s deadline for completing a deal from Nov. 11 to Feb. 11. The SPAC noted that 16,160,761 shares were redeemed in connection with the extension vote, or about $165 million based on the SPAC’s current share price. Monocle in its last quarterly filing dated Sept. 30 listed assets of about $177 million. Read more.
Related Posts
Apollo Strategic Growth Capital II Expands Non-Redemption Agreement, Postpones Extension Vote
The amendment more than doubles the number of shares the investor agreed to not redeem.
MedTech Acquisition Closes Upsized $250M IPO
The raise was 25 percent greater than the initial registration for 20 million units.
Denali Capital Acquisition Files Proxy on Longevity Biomedical Deal
Longevity in August agreed to waive the deal’s $30 million cash closing condition.
Breeze Holdings Secures Extra 9 Months, with About 87% of Trust Gone Since IPO
The SPAC has a deal with ammunition manufacturer TV Ammo, which would be renamed True Velocity if the merger closes.