Apollo Strategic Growth Capital II in an 8-K filing said it amended a non-redemption agreement signed last week, increasing the participating investor’s committment to 1,500,000 non-redeemed shares — up from the initial 650,413 shares. In return, the investor will receive 300,000 Class B shares (up from 162,603 shares).
The SPAC also postponed its April 28 shareholder meeting until May 5, when an extension vote will be on the table. The SPAC wants to move its deadline from May 12 to Feb. 12, 2024.
Apollo raised $600 million in an IPO more than two years ago. Led by CEO and director Sanjay Patel, the SPAC is targeting growth-oriented companies. Read more.
