Compute Health Acquisition in an 8-K disclosed that its shareholders voted in favor today of textending the SPAC’s termination deadline to August 2023. The deadline had been Feb. 9, 2023.
Shareholders also approved eliminating from the charter the limitation that the company may not redeem public shares to the extent that the SPAC would have net tangible assets of less than $5 million.
Compute Health also noted that approximately 71.45% shares were redeemed in connection with the proposals. The SPAC raised $750 million in a February 2021 IPO. Read more.
