Alberton Acquisition in an 8-K filing announced today that its shareholders voted to extend the SPAC’s deadline for a business combination from April 26 to Oct. 26.
The SPAC is in a pending $300 million merger with SolarMax, announced in October. Since then, the SPAC has faced a law firm’s investigation of the deal, dealt with the Nasdaq on regaining listing compliance, and issued dividend warrants to shareholders who approved a deadline extension for Alberton last year.
In connection with the extension, the SPAC said 135,069 shares were redeemed, or about 4 percent of the total shares voted during the meeting. Read more.
