Moringa Acquisition announced that today’s shareholder meeting to vote on an extension was adjourned to Aug. 18 at 10 a.m. Eastern.
The proposal calls for pushing the SPAC’s completion deadline from Aug. 19 to Aug. 19, 2024.
Shareholders who wish to withdraw their previously submitted redemption requests may do so prior to the vote, the SPAC said.
Moringa last week disclosed that travel booking platform Holisto had terminated its merger agreement with the SPAC. The termination was based on a provision in the agreement that allowed either party to walk away if the deal had not closed by Jan. 1. It was announced in June 2022.
Moringa raised $100 million in a February 2021 IPO, although by June of this year the Nasdaq was threatening to delist the SPAC for falling below the market cap minimum of $35 million. Read more.
