D and Z Media Acquisition Corp. (NYSE:DNZ) announced this afternoon that its special meeting, originally scheduled for 12:00 p.m. today, was convened and then adjourned, without conducting any business, to 1:30 p.m. on December 19.
As of now, DNZ has a completion deadline of January 28, 2023, but is hoping to seek shareholder approval to add an extra nine months to its timeline to obtain a new deadline of October 31, 2023. In light of the adjournment, DNZ has also extended the deadline for stockholders to submit their shares for redemption until December 15.
The SPAC announced the pricing of its $250M IPO in January 2021. Although DNZ has not yet announced a business combination, it hopes to combine with a business in the media or education technology (“ed-tech”) industry.
Terms Tracker for the Week Ending January 27, 2022 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. We’re coming up on the end of January, the first month of the year, and to-date no new S-1s have been filed. Additionally, the number...
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Carbon capture technology has long been talked about, and it is finally in operation with LanzaTech among the pioneers. Its plants are turning potential emissions into clothing, household goods and sustainable fuels. SPAC cash is now also an accelerant in this new process as the company announced a $1.7 billion combination with AMCI II last March. This week, we caught up with...
In this series we’ll be examining successful SPAC deals from the past both in the terms and circumstances of their de-SPAC processes and how they have weathered the storms that have followed after their public listings with research from SPACInsider contributor Anthony Sozzi. Thirty months does not sound like that long, but it’s been a...