Stable Road Acquisition said that it adjourned today’s special meeting of shareholders until May 13 “to allow more time to solicit additional votes in favor of the proposal to extend the date by which Stable Road must complete its initial business combination.” A favorable vote would extend the SPAC’s deadline to Aug. 13 to complete its pending merger with Momentus, which designs and builds infrastructure for commercial space needs, including satellites.
The merger has faced several complications since it was announced in October. Read more.
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