TMT Acquisition said today’s shareholder meeting to vote on a deadline extension was adjourned to March 22 to solicit additional votes on the matter. The SPAC wants to move its deadline back to Dec. 30 as it works to finalize a $450 million merger with eLong Power.
The target is a provider of high power battery technologies for commercial and specialty vehicles and energy storage systems.
Huizhou Yipeng Energy Technology is the operating entity of eLong Power. Upon closing of the merger, the combined company is expected to be listed on the Nasdaq.
Announced in December, the deal had been expected to close in the first half of 2024. Read more.
