AXIOS Sustainable Growth Acquisition in an 8-K said it has cancelled a May 15 meeting at which shareholders were expected to vote on a six-month extension proposal. Instead, the SPAc said it will redeem shares and shut down effective May 18.
The SPAC held $42.7 million in trust as of March 31. Axios raised $150 million in a February 2022 IPO.
The company had been searching for a target business that is engaged in the agribusiness, plant-based proteins, food processing, and related technology industry located in Central and Eastern Europe. Read more.
