Jupiter Wellness Acquisition Corp. (NASDAQ:JWAC) announced that it has postponed its special meeting, originally scheduled for April 20, until 10:00 a.m. ET on May 2.
At the meeting, stockholders of JWAC will be asked to vote on a proposal to approve its $1.6 billion business combination with Chinese carmaker Chijet.
Jupiter Wellness originally announced the deal in October 2022. The SPAC has about $140.2 million in its trust and did not supplement this with a PIPE. Yantai, China-based Chijet manufactures both internal combustion and electric vehicles through a variety of brands for the Chinese and Southeast Asian markets.
Also as a result of this change, JWAC has extended the redemption deadline to April 28.
Hammerhead Energy Inc. (NASDAQ: HHRS), which combined with Decarbonization Plus IV, has announced the results of its substantial issuer bid that expired at 5:00 p.m. ET on June 2. Under the bid, HEI offered to purchase for cancellation up to 20 million of its warrants, representing approximately 70% of its total number of issued and outstanding warrants, to purchase...
Terms Tracker for the Week Ending June 2, 2023 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. As is typical of slow holiday weeks, this past week for SPACs was no exception. To wit, there were zero new S-1s filed, zero amendments...
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