Altimar Acquisition III today convened and adjourned its shareholder meeting without voting on an extension proposal. The meeting was rescheduled to Friday at 12:30 p.m. Eastern. Altimar III wants until September to complete a deal. The current deadline is March 8.
The SPAC said the amount in trust as of today was nearly $159 million and the per-share redemption price was approximately $10.21. Altimar III in a proxy filed last month cautioned that it may liquidate if redemptions pull the trust below $40 million.
The SPAC is led by executives of HPS Investment Partners. Their Altimar Acquisition II closed a merger with Fathom Digital Manufacturing in December 2021. Read more.
