Monocle Granted Deadline Extension, Sustains Heavy Redemptions

Monocle Acquisition Corp.

Monocle said in a filing that shareholders approved extending the SPAC’s deadline for completing a deal from Nov. 11 to Feb. 11. The SPAC noted that 16,160,761 shares were redeemed in connection with the extension vote, or about $165 million based on the SPAC’s current share price. Monocle in its last quarterly filing dated Sept. 30 listed assets of about $177 million. Read more.

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