FirstMark Horizon Acquisition in an 8-K filing announced that its stockholders voted in favor of merging with Starry, a wireless technology developer and internet service provider.
No word on redemptions, if any. The SPAC earlier this month said it had secured Non-Redemption Agreements representing approximately 2.4 million shares of Class A common stock. Approximately 36.36 million shares were voted in favor of the merger and almost 2.4 million voted against the deal, according to the regulatory filing, out of 41.4 million shares outstanding.
The deal was supported by a $130 million PIPE, the SPAC said when the merger was announced in October. Between the PIPE and shares supporting the merger, the parties should have more than enough cash to satisfy the $300 million minimum closing condition.
When the deal closes Starry is expected to list on the NYSE under STRY. Read more.
