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.
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