Fusion Acquisition II said it intends to adjourn, without conducting any business, the shareholder meeting set for Aug. 30 and reconvene Sept. 1, when shareholders are expected to vote on a proposal to extend the SPAC’s termination deadline by six months, from Sept. 2 to March 2, 2024.
Fusion II’s IPO in February 2021 raised $500 million, including over-allotments.
Although it has yet to announce a deal, the SPAC is focused on businesses with an enterprise value of approximately $1.5 billion to $5 billion that are providing or changing technology within the fintech or wealth, investment and asset management sectors, or certain types of technology companies that lie adjacent to the fintech sector. Read more.
