Seaport Calibre Materials Acquisition Corp. (SCMA) Adjourns Extension Vote
by Marlena Haddad on 2023-01-26 at 5:32pm

Seaport Calibre Materials Acquisition Corp. (Nasdaq: SCMA) announced this afternoon that it is pushing today’s special meeting back until January 31.

The SPAC is currently facing a completion deadline of February 1, but is looking to extend its timeline by an additional six months to August 1. Stockholders may elect to redeem their shares for a pro rata portion of the funds held in the trust by no later than January 27.

Seaport Calibre Materials announced the pricing of its $130 million IPO in October 2021, but has not found a target company to combine with just yet. It intends to focus on businesses in the steel, metals, and metals processing sector.

 

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