Ventoux CCM Acquisition in an 8-K today said it will push back a shareholders meeting from Sept 6 to Sept. 14. Shareholders at the meeting are expected to vote on a proposed merger with Presto, a restaurnt tech company that makes point-of-sale terminals.
Ventoux also extended the redemption deadline to Sept. 12.
A vote on the merger 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 (94%) of the SPAC’s trust ahead of the June vote on a merger deadline extension. Read more.
