Ventoux CCM Acquisition in a proxy filing set a Sept. 6 meeting for shareholders to vote on its proposed merger with restaurant tech company Presto.
A vote was originally set for June, but postponed as the SPAC raised $100 million in additional funding for the deal.
As announced in November, the transaction was to be funded by $172.5 million from the Ventoux trust account, assuming no redemptions, and a $70 million PIPE. However, shareholder redemptions wiped out about $163 million of the SPAC’s trust ahead of a June vote on a merger deadline extension. Read more.
