Model Performance Acquisition Corp (NASDAQ:MPAC) announced in an 8-K that today’s special meeting to approve its $300 million combination with MultiMetaVerse has been adjourned to December 28.
The SPAC did not disclose why the meeting was adjourned, but as of its last vote date on September 28, Model Performance had received requests to redeem a total of 3,508,994 shares, representing 61.03% of its trust.
Model Performance initially inked its deal with MultiMetaVerse in August 2021. MultiMetaVerse does not have a clear presence on the English internet, but according to MPAC’s 8-K filing, it is a Hong Kong-based company with wholly owned subsidiaries Mi Ting Culture, Creativity Co. Ltd. and Shanghai Jupiter Creative Design Co. Ltd.
The company hopes to close the business combination on or about December 30.
Seaport Calibre Materials Acquisition Corp. (NASDAQ:SCMA) announced in an 8-K that it has inked new non-redemption agreements after postponing its initial extension vote. The SPAC has agreed to allocate up to 37,500 promote shares (1.1%) to investors holding in exchange for them agreeing not to redeem an aggregate of 150,000 shares at the vote now...
Armada I (NASDAQ:AACI) announced this afternoon that it has once again postponed its extension vote. The SPAC initially planned to hold its special meeting on January 20, but postponed it to January 30, and will now be pushing it back until tomorrow, January 31. Armada has also extended the deadline for holders to submit their public...
Prime Impact I (NYSE:PIAI) has entered into a definitive agreement to combine with auto insurance firm Cheche at an enterprise value of $841 million, or about 2.3x its 2022 revenue. Beijing-based Cheche provides a digital insurance platform for car owners in China with about 34 million vehicles covered. The combined company is expected to trade...
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Pono Capital Corp. (NASDAQ:PONO) disclosed in an 8-K filing this morning that its shareholders approved its combination with air mobility company AERWINS at a special meeting held on Friday, January 27. Holders of 12,412,861 common shares were present at the meeting and the deal was approved with 11,218,712 shares in favor of the transaction. The filing did not...