Ceres Acquisition Seeks Deadline Extension Following Dead Deal with Parallel

Ceres Acquisition in a news release said it will ask shareholders to approve a merger deadline extension from March 3 to June 30. A vote is scheduled for Feb. 23.

Backed by music producer Scooter Braun, Ceres in October terminated a proposed business combination with Parallel, a cannabis operator. The SPAC vowed to forge onward in pursuit of an acquisition. Read more.

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