Software Acquisition Group III said its shareholderrs voted in favor of combining with Nogin, a commerce-as-a-service provider.
The merger is scheduled to close tomorrow. Nogin stock and warrants are set to begin trading Aug. 25 on the Nasdaq under new ticker symbols NOGN and NOGNW.
The SPAC had previously announced redemptions of 82.7% of shares outstanding prior to the vote. The press release on the merger vote did not provide an update on any further redemptions.
Additional funding sources, including $75 million in PIPE agreements, are sufficient to get the deal across the finish line, as the cash consideration is $15 million. Read more.
