Berenson Acquisition I in a proxy filing called a Sept. 27 meeting for shareholders to vote on a proposal that would give the SPAC until Sept. 30, 2024 to complete a deal.
The per-share pro rata portion of the trust will be approximately $10.47 at the time of the meeting, based on the approximately $27 million in trust as of Sept. 5.
The SPAC raised $275 million in an October 2021 IPO with plans to focus on businesses operating in the software and technology-enabled services industry, although redemption have hollowed out the trust since then.
Berenson I in March transfered the listing of its Class A stock from the New York Stock Exchange to NYSE American after the NYSE delisted the SPAC’s warrants due to abnormally low price levels. Read more.
