NewHold Investment II in a regulatory filing said stockholders approved a proposal to extend the SPAC’s termination deadline from April to June 2023, but also granted the SPAC’s board the option to choose early liquidation. The termination amendment gives the company the discretion to redeem and liquidate on Dec. 28.
The 8-K filing does not state which route NewHold II will take.
The SPAC raised $175 million in an October 2021 IPO to acquire one or more industrial technology businesses with an aggregate enterprise value of $700 million or greater. Read more.
