RMG Acquisition III in a regulatory filing said shareholders approved extending the SPAC’s completion deadline from Aug. 9 until Feb. 9, 2024.
The SPAC said 282,624 Class A shares were redeemed, representing nearly 31% of the issued and outstanding shares.
RMG III raised $420 million in a February 2021 IPO, though the trust was down to about $10 million as of a January extension vote.
Based on the per-share redemption price of $10.40 listed in the July proxy, the latest round of redemptions would leave the SPAC with just over $7 million in trust.
RMG III raised $420 million in a February 2021 IPO.
The SPAC has a deal pending with with H2B2 Electrolysis Technologies, a vertically integrated provider of hydrogen energy systems, services and equipment. Read more.
