Silver Spike Acquisition in an 8-K filing today said shareholders voted overwhelmingly in favor of the SPAC’s merger with WM Holding Company, a technology and software infrastructure provider to the cannabis industry.
Announced in December, the deal provides up to $575 million of gross proceeds, including $325 million through a fully-committed stock PIPE.
The transaction is expected to close June 15. The combined company’s shares and warrants will trade on the Nasdaq under MAPS and MAPSW, respectively. Read more.
