Jaws Mustang Adjourns Extension Vote to Next Week | SPAC Feed

Jaws Mustang Acquisition said it convened and then adjourned yesterday's shareholder meeting without conducting any business. The meeting is expected to reconvene Feb. 2 at 10:30 a.m., Eastern when shareholders are slated to vote on a deadline extension from Feb. 4 to March 4.

The SPAC earlier this week said 1,023,321 shares were redeemed in connection with the latest extension proposal.

 Jaws Mustang a year ago disclosed that nearly 102 million shares were redeemed ahead of a shareholder vote on an earlier deadline extension — out of about 103.5 million shares that remained outstanding at the time. Jaws Mustang raised $900 million in a February 2021 ipo to focus on businesses in North America and europe “that have a clear path to organic and inorganic growth, formidable barriers to entry, exceptional management, and strong underlying demand drivers.”

The sponsor now expects to convert 25.5 million Class B shares into public shares on a one-for-one basis. Read more.

Source: Jaws Mustang Adjourns Extension Vote to Next Week

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• Source: https://spacfeed.com/jaws-mustang-adjourns-extension-vote-to-next-week