Alpha Capital Acquisition shareholders voted in favor of combining with Semantix, a Brazil-based integrated data platform.
In an 8-K filing the SPAC said 19,622,439 shares were redeemed, hacking off about $190.6 million from Alpha Capital’s $230 million in trust. However, in terms of impacting the closing, redemptions turned out to be a moot point since the SPAC went into the vote with a $94 million PIPE, which more than covered the minimum cash closing condition of $85 million.
The business combination is scheduled to close today. Semantix stock and warrants are set to begin trading on the Nasdaq on Aug. 4 under new ticker symbols STIX and STIXW. Read more.
