SportsMap Tech Acquisition in an 8-K today said shareholders voted in favor of merging with Infrared Camera Holdings, a provider of intelligent thermal imaging platforms.
The SPAC noted that 1,521,011 of the 1,634,944 public shares were redeemed in connection with the vote.
Sportsmap last week said it said it had secured a subscription agreement to issue $6.805 million in convertible promissory notes in support of the acquisition.
As announced last December, the deal had valued the merged company at $100 million.
SportsMap Tech raised $115 million in an October 2021 IPO with plans at that time to focus on companies engaged in sports technologies, including fan engagement, health and wellness, Esports, and fantasy sports and gambling. Read more.
