Acropolis Infrastructure Acquisition in a regulatory filing said shareholders approved extending the termination deadline up to July 2024. A measure that gives the board authority to liquidate early was also approved.
However, 26,499,201 shares were redeemed, leaving about 8 million shares. The SPAC said approximately $82.3 million will remain of the approximately $355.4 million that was in the trust account at the close of business May 30, the record date for the shareholder meeting.
Acropolis raised $300 million in an IPO nearly two years ago. The SPAC has been focused on companies in infrastructure, infrastructure services and related sectors in North America, though it has yet to announce a deal. Read more.
