Silver Spike Acquisition II in an 8-K said it has adjourned today’s shareholder meeting on an extension vote indefinitely. No reason was given. The vote had been postponed Monday.
The SPAC had intended to push its termination deadline to June 15.
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.
