Coliseum Acquisition in an amended proxy said it would adjourn the upcoming June 20 shareeholders meeting until June 22 due to changes in its extension proposal. The SPAC wants to push its June 25 temination deadline to June 2024 in monthly increments.
As a result of this change, the redemption deadline has been moved back to June 20.
If the measure is approved, the sponsor has agreed to deposit the lesser of $100,000 or 4 cents a share into trust for each monthly extension up to the new deadline.
The SPAC raised $150 million in an IPO two years ago to target consumer product, service and media companies at the intersection of sports, entertainment, digital media and/or technology. Read more.
