Leisure Acquisition in an 8-K said shareholders approved the SPAC’s third deadline extension to complete a merger. The SPAC now has until June 30 to close a deal. Before the vote, the deadline was today. Leisure must also seek a hearing with Nasdaq to avoid having its shares delisted.
In the filing the SPAC said that 38,015 shares were redeemed in connection with the extension vote, for an aggregate amount of approximately $400,000. That leaves approximately $12.8 million in trust, the SPAC said.
Leisure has said as recently as October that it is in discussions with a potential merger target. Read more.
