Alpha Partners Technology Merger Corp. (APTM) Adjourns Extension Vote
by Marlena Haddad on 2023-07-24 at 5:19pm

Alpha Partners Technology Merger Corp. (NASDAQ:APTM) announced in a filing this afternoon that it plans to adjourn its special shareholder meeting, originally scheduled for July 25, until July 27.

The SPAC plans to open the meeting as scheduled tomorrow at 11:00 a.m. ET, subject to the consent of the shareholders constituting a quorum, but will then immediately adjourn the meeting.

At the rescheduled meeting, shareholders will cast their votes on a proposal to extend APTM’s completion deadline by an entire year up to July 30, 2024, and to allow the SPAC, without the need for another shareholder vote, to extend the deadline on a monthly basis, for up to twelve times, by an additional one month each time, by resolution of the board of directors.

Additionally, Alpha Partners Technology is making amendments to the disclosures in the proxy statement due to a typographical error. In Proposal No. 1, there were two instances referring to “24 months”, which should have correctly stated “36 months” to align with the proposed extension of the completion date. To rectify this, all occurrences of “24 months” in Proposal No. 1 shall be considered as “36 months” to properly reflect the intended extension.

At the meeting, shareholders will also have a non-binding letter of intent (LOI) to consider with 3D printing firm Glowforge, which was signed just last week. The SPAC has thus far released no other details on the proposed merger beyond that Glowforge’s existing shareholders would be expected to roll 100% of their equity into the combined entity.

Founded in 2015, Glowforge produces 3D laser printers capable of engraving digital designs on a wide variety of materials. These are priced at $4,995 to $6,995, targeting a clientele of high-end hobbyists and small businesses, but likely not high-volume manufacturers.

Alpha Partners Technology Merger Corp. announced the pricing of its $250 million IPO in July 2021. It initially set out to combine with a late-stage software or information technology target that serves a large industry or multiple industries with a platform or marketplace. Alpha Partners Technology Merger is led by CEO Matt Krna, CFO Sean O’Brien, and Board Chair Michael D. Ryan.


Recent Posts
by Kristi Marvin on 2023-12-02 at 11:45am

Terms Tracker for the Week Ending December 1, 2023 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. For the most part, this was a quiet week for filings being that it followed the Thanksgiving holiday. Ideally, bankers, lawyers and teams got a...

by Marlena Haddad on 2023-12-01 at 5:39pm

Aimei Health Technology Co., Ltd (NASDAQ: AFJKU) announced the pricing of its $60 million IPO this evening. Its units are expected to begin trading on the Nasdaq under the symbol “AFJKU” on Monday, December 4, 2023. After the securities comprising the units begin separate trading, the Class A ordinary shares and rights are expected to...

by Marlena Haddad on 2023-12-01 at 4:43pm

PROOF Acquisition Corp I (NYSE: PACI) announced this afternoon that it has closed its business combination with private aviation company Volato after shareholders approved the deal at a meeting on November 28. In total, including previous shareholder votes, shareholders opted to redeem an aggregate of 99.93% of PACI’s trust, leaving it with less than $215,000...

by Marlena Haddad on 2023-12-01 at 9:34am

Adit EdTech (NYSE: ADEX) announced this morning that its shareholders have approved its business combination with bitcoin self-mining company Griid Infrastructure at a special meeting held yesterday, November 30. A total of 8,520,710 shares of common stock, representing approximately 95.7% of the outstanding shares entitled to vote, were present at the meeting, constituting a quorum...

by Nicholas Alan Clayton on 2023-12-01 at 7:49am

At the SPAC of Dawn There had been hopes that this week would take one world conflict off the board, but combat has resumed in the Middle East as other eyes are likely to be fixed on new Fed comments today. The fighting in Gaza continues to not appear to have appreciable affects on the...


Copyright © 2023 SPACInsider, Inc. All Rights Reserved