Brilliant Acquisition Corp. (NASDAQ:BRLI) announced this morning that its chairman intends to adjourn its extension vote, originally scheduled to be held on April 17, and will reconvene at 10:00 a.m. ET on April 20.
In connection with the adjournment of the meeting, BRLI is also extending the redemption deadline to April 18.
The SPAC is working to close its $140 million deal with payments platform Nukkleus, which it announced in February 2022. As of now, Brilliant faces a completion deadline of April 23, but intends to gain shareholder approval at its upcoming meeting to extend its timeline up to no later than July 23. Jersey City, New Jersey-based Nukkleus provides software to process exchanges of crypto and foreign currencies as well as contracts for differences (CFDs) for these assets.
Brilliant announced in September that it doubled the size of its pool of shares to be distributed to shareholders at the close of its combination with Nukkleus. Shareholders are now expected to receive the lower of 1,012,000 shares between them or the equivalent of 40% of all outstanding shares and rights immediately prior to close. This is up from either 506,000 or 20% of aggregate shares and rights.
Trajectory Alpha Acquisition Corp. (NYSE:TCOA) announced this afternoon that it has entered into a purchase and contribution agreement with its sponsor and J. Streicher Holdings, LLC. As a result, the SPAC will undergo a change in management. As part of the agreement, J. Streicher will pay $250,000 to Trajectory Alpha and $1.00 to the sponsor. In return,...
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Clover Leaf Capital Corp. (NASDAQ: CLOE) has entered into a definitive agreement to combine with Digital Ally, Inc.’s (NASDAQ: DGLY) ticketing platform Kustom Entertainment at a pro forma equity value of approximately $222.2 million. Kansas City, Kansas-based Kustom Entertainment is a primary and secondary ticket platform that manages wholly-owned subsidiaries TicketSmarter and Kustom 440. Transaction Overview Clover...