Arisz Acquisition in an 8-K disclosed that shareholders unaninously voted in favor of a deadline extension from Feb. 22 to Nov. 22.
The SPAC has a merger agreement with BitFuFu, a digital asset mining service and cloud-mining service provider.
At deal announcement two years ago, the merged company was valued at a pro forma enterprise value of approximately $1.5 billion.
Redemptions of 777,050 shares removed $8.66 million (approximately $11.14 per share) from the Arisz trust. That leaves 2,377,315 shares outstanding, or approximately $26.5 million in trust. The SPAC raised $69 million in a November 2021 IPO. Read more.
