Spring Valley Extends Redemption Deadline on Aerofarms Deal

Spring Valley Acquisition

Spring Valley Acquisition said it will extend the redemption deadline until Aug. 26 following postponement of the shareholder vote on its proposed merger with Aerofarms.

The vote is now scheduled for Aug. 30.

The SPAC said last week when it postponed the vote that enough stockholders had already voted to approve the business combination, but all of the conditions to effect the closing “have not yet been satisfied.” Read more.

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