Blue Ocean Acquisition in an 8-K said shareholders approved extending the SPAC’s deal deadline from Sept. 7 until June 7, 2024.
Blue Ocean said redemptions of 12,817,785 shares removed approximately $136.8 million from the trust, leaving $65.7 million.
The SPAC in June signed a merger agreement with TNL Mediagene, an Asian digital-media company, at a pre-money enterprise value of approximately $275 million.
TNL Mediagene was formed in May 2023 by the merger of Taipei-based The News Lens, an independent, pan-Asian digital-media group, and Tokyo-based Mediagene, a Japan-based digital media company founded 25 years ago. Read more.
