Juniper II today in an 8-K filing said redemptions of 25,127,993 shares ahead of tomorrow’s deadline extension vote left 4,772,007 shares outstanding. Shareholders are set to vote on a proposal that would extend the SPAC’s termination date to Nov. 8 from the current May 8 deadline.
The SPAC last week announced a non-redemption agreement covering 2.24 million shares, saying it expected to secure additional non-redemption agreements before the extension vote.
Juniper II raised $260 million in a November 2021 IPO with plans to pursue North American-based targets in the industrial sector with an aggregate enterprise value of $1 billion to $2 billion.
