Coliseum Acquisition Corp. (MITA) Adjourns Extension Vote
by Marlena Haddad on 2023-06-14 at 4:15pm

Coliseum Acquisition Corp. (NASDAQ: MITA) announced this afternoon that it intends to adjourn its special meeting, originally scheduled to be held on June 20, until June 22 due to a change in its extension proposal.

The company’s sponsor, Coliseum Acquisition Sponsor LLC, has indicated that, if the extension is approved, it will contribute the lesser of $100,000 and an aggregate amount equal to $0.04 multiplied by the number of public shares of MITA that are not redeemed for each month of the extension. The SPAC is currently facing a deadline of June 25, 2023, but is expecting to implement a maximum of twelve extensions for an additional one month each time to June 25, 2024.

Since Coliseum intends to adjourn the meeting to June 22, the redemption deadline will be extended to June 20.

The SPAC announced the pricing of its $150M IPO in June 2021. It has not found a target business to combine with just yet, but aims to identify a company that has an enterprise value between $500 million and $2.5 billion with strong and differentiated brands.

Coliseum is led by Co-CEOs Jason Stein and Daniel Haimovic, CFO Jason Beren, COO and General Counsel Andrew Fishkoffm and Board Chairman Nominee Romitha Mally.

Recent Posts
by Kristi Marvin on 2023-09-20 at 5:51pm

Murphy Canyon Acquisition Corp. (NASDAQ:MURF) announced this afternoon that its stockholders voted in favor of the proposed business combination with Conduit Pharmaceuticals Limited (“Conduit”). Details on the vote, along with redemption numbers, have not been filed yet, but the Company expects the closing to occur as soon as practicable, subject to the satisfaction or waiver...

by Kristi Marvin on 2023-09-20 at 5:31pm

Latest SPAC Liquidations: Juniper II Corp. Juniper II Corp. (JUN) to Liquidate on October 10, 2023 Juniper II Corp. (NYSE: JUN), today announced that its board of directors has determined to redeem all of its outstanding shares of Class A common stock with such redemption anticipated to be effective as of October 10, 2023. The...

by Kristi Marvin on 2023-09-20 at 4:39pm

TradeUP (NASDAQ:UPTD) announced in an 8-K this afternoon that has entered into additional subscription agreements in connection with its combination with Estrella Biopharma. Under these subscription agreements, Plentiful Limited and Lianhe World Limited, collectively known as the “Investors”, agreed to each buy $5,000,000 worth of UPTD’s common stock, priced at $10.00 per share.  However, if,...

by Nicholas Alan Clayton on 2023-09-20 at 2:34pm

Vahanna Tech Edge Acquisition I Corp. (NASDAQ:VHNA) has closed its combination with insuretech firm Roadzen and its shares and warrants will begin trading on the Nasdaq tomorrow, September 21, under the symbols “RDZN” and “RDZNW”. The SPAC secured shareholder approval for the deal about a month ago in an August 25 vote and it has...

by Nicholas Alan Clayton on 2023-09-20 at 11:35am

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.  Abu Dhabi royal-backed firms to merge in region’s first SPAC deal ADC Acquisition Corporation (ADC.AD), a blank-cheque company backed by a prominent Abu Dhabi royal, has agreed to acquire state investment fund ADQ’s United Printing & Publishing,...

logo

Copyright © 2023 SPACInsider, Inc. All Rights Reserved