Mallard Acquisition in a preliminary proxy filing disclosed it plans to hold a shareholder vote next month on whether to grant a merger extension until July 29 from the current April 29 deadline. Approval of the proposal would allow the SPAC to automatically extend the deadline by another three months until October without another shareholder vote.
Mallard raised $110 million in a November 2020 IPO. The SPAC at that time said it would target industrial and manufacturing sectors. Read more.
