Alpha Partners Technology Merger has called a meeting for shareholders to vote on a deadline extension up to Jan. 30, 2025. The current termination date is in July.
The SPAC and Mercury Capital intend to enter into non-redemption agreements with certain shareholders ahead of the extension vote. The number of shares involved was not specified in the regulatory filing.
In addition, Mercury Capital and the SPAC’s sponsor intend to convert up to 3.5 millioon of their Class B shares into Class A shares.
The SPAC back in July said it signed a non-binding letter-of-intent for a business combination with Glowforge, a manufacturer of 3D laser printers. Glowforge is not mentioned in the proxy filing.
The SPAC in December sold the sponsor’s stake to Mecury Capital for $1.
A separate proposal on the ballot calls for renaming the SPAC to Plum Acquisition III. Read more.
