New Vista Acquisition cancelled today’s shareholder meeting to consider an extension proposal — a vote which had been pushed back from Feb. 10, and said it will liquidate. The SPAC earlier this month said it had signed a nonbinding letter of intent for a business combination with Verijet, which provides private aviation services.
Now New Vista says it will not complete a business combination by the Feb. 19 deadline.
Led by Dennis Muilenburg, Boeing’s CEO from 2015 to 2019, the SPAC was reportedly in deal talks with Canadian airline Flair last fall, although nothing came from those discussions.
The SPAC raised $240 million in a February 2021 IPO. Read more.
