This afternoon, Pure Acquisition Corp. (PACQ), released the results of today’s shareholder vote to approve their new extension deadline from February 21st, 2020 to May 21, 2020, and as expected, the extension was approved.
RESULTS
Per the 8-K, only 2,189,801 of the Company’s Class A Common Stocked elected to redeem, out of approximately 37,806,000 public shares. That means the new public shareholder count should be 35,616,199. However the redemption value was unfortunately not provided, but the remaining trust value should be somewhere near ~$370 million. Hopefully the estimated per share redemption price will be provided shortly in an additional filing.
In the meantime, Pure’s tender offer to purchase 3,158,195 Public Warrants at $1.00 is still ongoing and will not close until 11:59 p.m., Eastern Time, on March 31, 2020.
You can review the results of the vote HERE, but a summary has also been provided below.
| FOR | AGAINST | ABSTENTIONS | BROKER NON-VOTES |
| 39,459,897 | 500,200 | 0 | 0 |
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC Liquidations: Mission Advancement Acquisition Corp., and Clarim Acquisition Corp. Mission Advancement Acquisition Corp. Shareholders Approve Liquidation Date Amendment On December 6, 2022, the stockholders of Mission Advancement Corp. approved an amendment to allow...
BYTE Acquisition Corp. (NYSE:BYTS) announced this afternoon that its special meeting to extend its deadline, originally scheduled for Tuesday, December 20, 2022, has been postponed. The SPAC has not yet disclosed the new date for the meeting, but it is expected to be announced at a later date. BYTE did note that it intends to...
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...
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....
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%...