Tuscan Holdings II in a regulatory filing said it will open and adjourn its planned shareholder meeting on March 22, reconvening a week later on the 29th to consider a merger deadline extension.
This is the SPAC’s third request to shareholders for a deadline extension, following the most recent approval last December to set a new deadline of March 31.
Stockholders in April 2021 had voted in favor of a proposal to approve the early winding up and redemption of 100 percent of the outstanding public shares if determined by the company’s board of directors.
The SPAC completed its $125 million IPO in July 2019.
Logistics startup Transfix, which operates a freight marketplace, was reportedly in talks in December 2020 to go public through a merger with Tuscan II, Bloomberg reported at the time, although nothing came of it. Read more.
