Oyster Enterprises Acquisition called a Dec. 19 meeting for shareholders to vote on a proposal for winding up the SPAC and redeeming outstanding stock.
Oyster holds about $232.4 million in trust, according to an amended proxy filing. The per-share redemption price is expected to be $10.06.
Oyster raised $200 million in a January 2021 IPO. The SPAC’s target sectors included media, technology, consumer products, industrials, real estate, real estate services, financial services, hospitality and entertainment. Read more.
