Growth for Good Acquisition said it reconvened and further adjourned a shareholders meeting Friday — now postponed until today — marking the sixth rescheduling of a meeting originally slated Aug. 23 for shareholders to vote on a proposed merger with ZeroNox.
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.
No reason was given for the latest delay. The SPAC’s completion deadline is coming up Sept. 14.
During the last week of August the SPAC raised a $5 million PIPE at $10 per share, which was the reason for delaying the first scheduled vote, the company said. Read more.
