First Light Acquisition Group today convened and adjourned a meeting at which shareholders were expected to vote on a proposed deadline extension of up to a year for completing a merger. The meeting was pushed back to Sept. 13.
No reason was given for the delay and no business was conducted at today’s aborted meeting.
While the SPAC said as recently as last month that it is “currently in discussions regarding various business combination opportunities,” there won’t be enough time to reach an agreement, much less complete a deal, before the looming Sept. 14 deadline.
First Light raised $230 million in an IPO last September with plans to target companies that provide technology-enabled solutions with high-growth, mission-critical applications in government and commercial markets.
First Light is led by CEO, President and Chairman William Weber, who most recently served as president, CEO and director of KeyW. The company is engaged in cyber operations and warfare, data analytics and geospatial intelligence solutions for U.S. government intelligence and defense customers, and commercial enterprises. Read more.
