Silver Spike Acquisition II in an 8-K said it adjourned today’s shareholder meeting and rescheduled for March 10, when a vote on an extension proposal is expected. The SPAC wants to push its termination deadline to June 15 and said in the filing that postponing the meeting will allow more time to engage with shareholders, likely an attempt to reverse redemptions.
Silver Spike II and life science company Eleusis called off a merger last June, citing unfavorable market conditions.
The cannabis-focused SPAC raised $250 million in a March 2021 IPO. The SPAC is led by Scott Gordon, founder and CEO, who co-founded Egg Rock Holdings, parent company of the Papa & Barkley family of cannabis products. Read more.
