SaaS provider Perfect Corp. and Provident Acquisition announced that their business combination was approved by the SPAC’s shareholders. Approximately 92% of voted shares were in support of the deal, according to an 8-K filing.
The merger is expected to deliver approximately $119 million to the combined enterprise.
There was no mention of redemptions in either the press release announcing the vote or a subsequent regulatory filing. At deal announcement in March, the business combination was expected to provide Perfect with approximately $335 million in gross proceeds.
The deal is expected to close Friday. Stock and warrants are to begin trading Monday on the NYSE under the ticker symbols PERF and PERF WS.”
Perfect Corp. provides augmented reality and AI software solutions to the beauty and fashion industries. Read more.
