Corner Growth Acquisition in an 8-K said its shareholder meeting was called an immediately adjourned without voting on a nextension proposal. The meeting was rescheduled for today to give the SPAC more time to solicit proxies from investors.
Corner Growth wants to push its deadline from June 21 to March 20, 2024. The SPAC has a deal in hand with cybersecurity company Noventiq. The deal has an $800 million pro forma enterprise value.
The SPAC lost about 97% of its trust value on a December extension vote and now holds approximately $12 million. However, Corner Growth and London-based Noventiq in earlier filings have said they intend to supplement the cash in trust with $100 million in unspecified funding. Read more.
