Pivotal Investment Corp. III (PICC) Postpones Extension Vote
by Marlena Haddad on 2023-08-02 at 5:41pm

Pivotal Investment Corp. III (OTC: PICC) announced this afternoon that it has postponed its extension vote.

The meeting, originally scheduled for today, has been adjourned to August 11 at 11:00 a.m. to allow additional time for the SPAC to engage with its stockholders and effectuate redemption reversals.

As of now, Pivotal Investment Corp. III faces a completion deadline of August 11, but is hoping to gain shareholder approval to extend its timeline until February 11.

The SPAC initially raised $276 million in gross proceeds from its IPO in February 2021, but saw 92.67% of its trust redeemed during a previous vote, leaving it with approximately $20.42 million. It is still searching for a target to combine with, but intends to focus on finding a digital technology target in North America. The company is led by Jonathan Ledecky, Chairman of the Board, and Kevin Griffin, CEO and President.

Pivotal Investment Corp. III (PICC) Postpones Extension Vote
Recent Posts
by Nicholas Alan Clayton on 2025-07-11 at 8:24am

At the SPAC of Dawn Lately de-SPACs have been announcing corporate moves of a kind frequently in trios as was the case earlier this week when WeBull (NASDAQ:BULL), AST SpaceMobile (NASDAQ:ASTS) and Quantum-Si (NASDAQ:QSI) all announced major equity raises. This week, it is a trio of de-SPACs making reverse stock splits in unison, which is...

by Kristi Marvin on 2025-07-10 at 8:31am

A look at Plus’ software-first approach to autonomous trucking. After years of investment and excitement, the dawn of self-driving cars and trucks is now here. The question now is which business model among autonomous driving technology companies will win out? This week, we speak with David Liu, CEO of autonomous trucking company Plus. Plus announced...

by Nicholas Alan Clayton on 2025-07-10 at 8:27am

At the SPAC of Dawn One thing that SPAC investors can typically count on while their money is invested in a SPAC’s trust is that it is going to grow one way or the other between now and their next redemption opportunity, but the devil can occasionally be in the details. In 2024, it became...

by Nicholas Alan Clayton on 2025-07-09 at 12:57pm

Thunderstone has filed for a $50 million SPAC to put a new first-time Asia-based team in action on a generalist hunt. The new SPAC is offering investors a right to a 1/8 share in each unit with 18 months to initially complete a business combination. It is the 8th fresh S-1 filed with underwriter D....

by Nicholas Alan Clayton on 2025-07-09 at 8:22am

At the SPAC of Dawn In a trading session that may find itself built around the release of Fed minutes at 2 pm ET this afternoon, a pair of SPAC targets have added their own fresh information to the mix. Enterprise AI firm Fusemachines, which has a pending combination with CSLM (OTC:CSLMF), put out a...

logo

Copyright © 2025 SPACInsider, Inc. All Rights Reserved