Mallard Acquisition in a proxy filing said it will hold a shareholder vote April 25 on whether the SPaC will be granted a merger deadline 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.
No other business is planned during the metting, according to the filing.
Mallard raised $110 million in a November 2020 IPO. The SPAC at that time said it would target industrial and manufacturing sectors. Read more.
