Mudrick Capital Acquisition II filed a preliminary proxy seeking a three-month deadline extension to close its merger with online jewelry dealer Blue Nile.
The SPAC is asking shareholders to approve moving the deadline from Sept. 10 to Dec. 10.
Announced last month, the transaction implies a pro forma enterprise value for Blue Nile of approximately $683 million.
The transaction is expected to generate approximately $450 million of capital before expenses, assuming no redemptions by Mudrick II shareholders. Read more.
