Zalatoris Acquisition said today’s shareholder meeting is postponed until Dec. 29 at 10 a.m. Eastern. The redemption deadline has been pushed back to Dec. 28 at 5 p.m.
Zalatoris has a deal to merge with Anteco Systems (dba AnyTech365) at a $220 million enterprise value.
Founded in 2014 and based in Marbella, Spain, the target develops AI powered IT security systems.
If approved, the deal is expected to be completed in the first quarter of 2024.
The stockholders of the target will receive approximately $138.37 million in shares at closing, and approximately $7.28 million will be placed in escrow. The escrow shares will be released to either the purchaser or stockholders of the target based on the nature of the adjustment to the target consideration, according to an 8-K filed on the deal in September. Read more.
