Galileo Acquisition in in 8-K filing said stockholders voted in favor of merging with digital manufacturing company Shapeways.
While more than 99.99% of the voted shares were in support of the deal, the SPAC said 11,018,352 ordinary shares were redeemed, erasing nearly 80% of the cash in trust.
A $75 million PIPE is in place to support the transaction. There is a minimum cash condition of $100 million to close the deal.
If the merger is completed, Shapeways shares and warrants are expected to begin trading tomorrow on the NYSE under SHPW and SHPW WS. Read more.
