Newborn Acquisition has delayed its shareholder vote on a deadline extension to complete its pending merger with Nuvve.
The SPAC said it decided to postpone the shareholder meeting until Feb. 18 in order to provide “additional time to solicit proxies to approve the extension amendments.” The vote was originally scheduled for tomorrow, Feb. 10.
The purpose of the vote is to allow Newborn insiders to waive their obligation to deposit $575,000 into the SPAC’s trust in order to receive an automatic deadline extension, as required in the SPAC’s current articles of association.
Nuvve is a global player in vehicle-to-grid (V2G) charging technology. Read more.
