BlueRiver Acquisition in a proxy filing asks shareholders to consider another deadline extension, this time from Aug. 2 until Feb. 2, 2024. If approved and if management opts to run the extension until next February, it would mark 36 months since the SPAC’s IPO
BlueRiver in March stepped down from the NYSE to the NYSE American. The decision to transfer to the NYSE American followed heavy redemptions of the SPAC’s Class A common stock in connection with a January vote to push its merger deadline until August.
Based on the estimated redemption price of $10.63, the SPAC lost $284 million of the $292 million it held in trust. Read more.
