Cascadia Acquisition said today’s stockholders meeting has been postponed to Feb. 22 to allow additional time for the SPAC “to engage with its stockholders and consider redemption reversals.”
The SPAC last week announced a merger agreement with hands-free wearable tablet company RealWear at a post-transaction enterprise value of $375.5 million. That assumed no redemptions.
Facing a Feb. 28 deadline to do a deal, the SPAC wants shareholders to approve a six-month extension.
