SPACInsider Logo
Extension Vote Results: Nebula Acquisition Corp. (NEBU)
by Kristi Marvin on 2020-01-09 at 4:54pm

NEBULA ACQUISITION CORP. (NEBU)

Earlier today, Nebula Acquisition Corp., held their shareholder vote to extend their completion deadline five months from January 12, 2020 to June 12, 2020, and the results were overwhelmingly positive.  In fact, there were zero shares redeemed at this vote and all of the shares that voted, were voted “Yes”.  There were zero “No” votes and zero “Abstentions”.

Nebula, which recently announced their transaction with Open Lending LLC, had stated in their proxy that it was not contributing any additional funds to trust for those additional five months and those preliminary proxies were filed BEFORE announcing their transaction with Open Lending.  So basically, they knew they had a good deal and wouldn’t need to.  Consequently, the share price is trading significantly above trust, so shareholders were more than willing to hold through the extension vote (or sell into the market).

This is the best situation to be in at an extension vote and as a result, Nebula now has until June 12th to close its deal at no additional cost to the sponsors.

You can review the results of all the vote proposals HERE.

 

Recent Posts
by Marlena Haddad on 2022-12-07 at 1:22pm

D and Z Media Acquisition Corp. (NYSE:DNZ) announced this afternoon that its special meeting, originally scheduled for 12:00 p.m. today, was convened and then adjourned, without conducting any business, to 1:30 p.m. on December 19. As of now, DNZ has a completion deadline of January 28, 2023, but is hoping to seek shareholder approval to add an extra...

by Nicholas Alan Clayton on 2022-12-07 at 1:14pm

EDOC Acquisition Corp. (NASDAQ:ADOC) has entered into a definitive agreement to combine with food oil processing company Australian Oilseeds at an enterprise value of $190 million. Australian Oilseeds manufactures food-grade, edible oils through several subsidiaries. Transaction Overview EDOC has an estimated $21.3 million in its current trust after seeing about 77.5% redemptions in extension votes....

by Marlena Haddad on 2022-12-07 at 11:35am

  Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.  Latest SPAC News: Buzzfeed cuts 12% of staff, and ASIG plans to expand through acquisition upon completion of SPAC BuzzFeed cuts 12% of staff citing worsening econ conditions  Digital media company BuzzFeed (NASDAQ:BZFD) is cutting 12%...

by Kristi Marvin on 2022-12-07 at 11:05am

What is your life insurance policy worth while you’re still living? This week, we speak with Abacus Life President and CEO Jay Jackson who may just want to buy yours. Abacus Life has made a business of buying consumer life insurance policies for upfront payments and holding them until maturity. To help bring this particular kind of transaction...

by Nicholas Alan Clayton on 2022-12-07 at 10:33am

Golden Falcon (NYSE:GFX) has entered into a definitive agreement to combine with freight aviation company MNG Airlines at an enterprise value of $676 million, or 5.8x its LTM adjusted EBITDA. Istanbul-based MNG Airlines operates air freight services to four continents with a fleet of nine jets. The combined company is expected to trade on the...

Privacy Policy|Terms Of Use
Copyright © 2022 SPACInsider, Inc. All Rights Reserved