Shareholders approved an amendment extending the company's deadline to complete a merger from October 9, 2026, to April 9, 2027. The extension was secured through non-redemption agreements covering over 4.4 million shares and monthly sponsor share transfers. Approximately $198.6 million in cash was paid out as holders redeemed nearly 18.3 million public shares at roughly $10.84 per share, leaving about 4.7 million shares outstanding. The company operates in the special purpose acquisition company (SPAC) industry.
