Colombier Acquisition announced that it has received requests to redeem 14,286,259 shares, representing 83% of the shares outstanding. Currently, that leaves 2,963,741 shares outstanding.
Colombier said it will hold a stockholders meeting tomorrow at 10 a.m. Eastern to vote on the proposed business combination with PublicSq.
PublicSq. is a marketplace that connects who it describes as “freedom-loving” Americans.
Announced in February, the transaction was expected to provide up to $158.5 million in cash to PublicSq. to fund growth and expansion into new revenue streams, although that assumed no redemptions. Read more.
