Growth for Good Acquisition said it adjourned the Sept. 1 meeeting for shareholders to vote on a proposed merger with ZeroNox. The meeting will now be held tomorrow at 10 a.m. Eastern, according to a press release.
California-based ZeroNox is engaged in the electrification of off-highway commercial and industrial vehicles, with LFP batteries and an electric powertrain that the company says is cleaner, high performing, and cost effective.
The $306 million deal was announced in March.
A vote on the deal was at first scheduled for Aug. 23, then moved to Aug. 28. During the interim, the SPAC raised a $5 million PIPE at $10 per share, which was the reason for delaying the first scheduled vote, the company said.
Investors in the PIPE include Kubota Corporation, Premier Trailer, and Formula-E racing team NIO 333. Read more.
