Plum Acquisition I shareholders voted in favor of extending the SPAC’s deadline up to June 18, 2024.
The SPAC said 1,972,625 shares were redeemed out of 13,853,218 shares outstanding.
Plum on June 15 had said it would liquidate, however, the next day the SPAC said it “was approached with an opportunity to explore a business combination with another operating company.”
Plum disclosed in June that it had received a deal termination notice from merger partner Sakuu, a battery manufacturer. That prompted the initial decision to redeem stock and shut down.
Plum I raised $300 million in a March 2021 IPO. Read more.
