MCAP Acquisition disclosed in an 8-K filing that shareholders approved the merger with AdTheorent during a meeting yesterday.
AdTheorent two weeks ago agreed to waive both the $140 million aggregate cash consideration closing condition and the $258.1 million cash-in-trust closing condition.
Although the SPAc did not mention redemptions, if any, MCAP shares traded above $10 up through the redemption deadline.
AdTheorent is a digital advertising platform.
As announced in August, the deal valued the combined companies at $1 billion. Read more.
