Riverview Acquisition stockholders voted in favor of its business combination with Westrock Coffee Holdings.
The SPAC said 78.3% of shares outstanding were represented. Of the total, 75% were voted for the business combination.
The deal is expected to close today. Westrock is expected to begin trading on the Nasdaq this Monday under the new ticker symbol WEST.
Riverview disclosed earlier this week that 73.5% of its outstanding Class A shares were redeemed ahead of the vote. However, the SPAC’s remaining $66 million cash in trust and PIPE funding more than covers the $250 million minimum cash condition, getting the deal across the finish line. Read more.
