Ross Acquisition II (NYSE:ROSS) announced today that its shareholders approved a deadline extension from Sept. 16 to March 16, 2024.
In connection with the vote the SPAC said 1,339,804 Class A ordinary shares were redeemed at $10.74 per share, for approximately $14.4 million. About $54.2 million will remain in trust.
The need for an extension arose from the termination last month of a $320 million merger agreement with Hong Kong-based APRINOIA Therapeutics.
The new completion deadline will mark the three-year anniversary of the SPAC’s IPO.
The SPAC was founded by Wilbur Ross, former commerce secretary during the Trump Administration. Read more.
