JAWS Mustang Acquisition in an 8-K today disclosed that nearly 102 million shares have been redeemed — ahead of tomorrow’s shareholder vote on a deadline extension — out of about 103.5 million shares outstanding.
The SPAC wants to extend its termination deadline to Feb. 4, 2024.
The deadline for shareholders to withdraw redemption requests is tomorrow before 10 a.m.
Jaws Mustang raised $900 million in a February 2021 IPO with plans to focus on businesses in North America and Europe “that have a clear path to organic and inorganic growth, formidable barriers to entry, exceptional management, and strong underlying demand drivers.” Read more.
