SPACInsider Logo
Oxus Acquisition Corp. (OXUS) Adjourns Extension Vote
by Nicholas Alan Clayton on 2023-02-28 at 12:26pm

Oxus Acquisition Corp. (NASDAQ:OXUS) has adjourned its extension vote today without conducting any business and will reconvene at 8:30 am ET March 2.

Shareholders are to consider extending the SPAC’s transaction deadline from March 8 to December 8 and allow the sponsor to convert its promote shares to Class A shares prior to the closing of a business combination.

Point of fact, Oxus just last week announced a $150 million combination with Borealis Foods, which has developed a line of plant-based ramen noodle products.

The record date for the vote remains January 25 and the redemption rate slated to be $10.40 per share. Oxus’ sponsor has agreed to loan the company the lesser of $180,000 or $0.12 per share for the vote, plus the lesser of $60,000 of $0.04 per share for each of the six months it extends beyond June 8.

Recent Posts
by Marlena Haddad on 2023-03-20 at 4:27pm

Aimfinity Investment Corp. I (NASDAQ:AIMA) announced this afternoon that its sponsor entered into a repurchase agreement with previous directors and officers of the company and will undergo a change in management. On March 16, Aimfinity’s sponsor initiated a distribution of 300,000 founder shares and 492,000 private placement units to its existing members and entered into a repurchase...

by Marlena Haddad on 2023-03-20 at 12:50pm

AI Transportation Acquisition Corp. (NASDAQ:AITR) filed its S-1 last Wednesday afternoon for a $50 million IPO, marking the first SPAC to file for an IPO in March. While the new company may pursue a target in any industry, it intends to focus its search in the transportation field, including but not limited to logistics, new energy...

by Marlena Haddad on 2023-03-20 at 11:33am

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.  Latest SPAC News:  Virgin Orbit plans for insolvency amid rescue talks with investors, WeWork reaches deal to cut debt, and Pear Therapeutics explores “strategic alternatives” Virgin Orbit plans for insolvency amid rescue talks with investors Sky News...

by Nicholas Alan Clayton on 2023-03-20 at 10:51am

Home Plate (NASDAQ:HPLT) has entered into a definitive agreement to combine with shipping company Heidmar at an anticipated enterprise value of $214.4 million, or 7.2x its 2023E EBITDA. Athens-based Heidmar operates an asset-light shipbroking network providing access to a pool of 60 fuel tanker and dry bulk ships. The combined company is expected to trade...

by Nicholas Alan Clayton on 2023-03-20 at 7:15am

two (NYSE:PIAI) announced in an 8-K this morning that it has pushed back its special meeting one week from March 24 to 10 am ET, March 31. Shareholders at the meeting will consider a proposal to extend its transaction deadline from April 1 to January 1, 2024. The SPAC’s sponsor has not yet offered to...

Privacy Policy|Terms Of Use
Copyright © 2023 SPACInsider, Inc. All Rights Reserved