GX Acquisition announced that its stockholders voted to approve a dealine extension from May 23 to July 31 for the SPAC to complete its $372 million merger with Celularity.
GX said redemptions connected to the vote totaled $164.1 million. The SPAC had raised $287.5 million in May 2019.
An $80 million PIPE is part of the merger agreement.
The SPAC had agreed before the vote to deposit 2.5 cents per share for every month of the extension if approved, up to 5.65 cents a share. Read more.
