New Vista Acquisition scheduled a Feb. 10 meeting for shareholders to vote on a proposal that would give the SPAC until February 2024 to close a deal. A separate ballot measure, if approved, would allow the New Vista board to liquidate operations early, at its discretion, and redeem all outstanding stock.
Led by Dennis Muilenburg, Boeing’s CEO from 2015 to 2019, the SPAC was reportedly in deal talks with Canadian airline Flair last fall, alhtough nothing appears to have come from those discussions.
The SPAC raised $240 million in a February 2021 IPO to focus on businesses engaged with emerging and transformational technologies, particularly businesses operating within space, defense and communications, and advanced air mobility and logistics industries. Read more.
