Prime Number Acquisition I announced that it adjourned today’s shareholder meeting until tomorrow, Aug. 16, at 10 a.m. Eastern when a vote is expected on the proposed combination with noco-noco, a development-stage manufacturer of carbon-zero electric vehicle battery technologies.
The SPAC yesterday announced it had signed a forward purchase agreement with three Meteora Funds, which have agreed to buy up to 2 million Class A shares.
Prime Number also reported that 98.59% of its shares outstanding have been redeemed ahead of the shareholder meeting.
The deal was announced in January at a valuation of $1.35 billion. There is a minimum $20 million cash condition to close. Read more.
