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Arisz Acquisition Shareholders Unanimously Approve 9-Month Extension

Arisz Acquisition in an 8-K disclosed that shareholders unaninously voted in favor of a deadline extension from Feb. 22 to Nov. 22.

The SPAC has a merger agreement with BitFuFu, a digital asset mining service and cloud-mining service provider. 

At deal announcement two years ago, the merged company was valued at a pro forma enterprise value of approximately $1.5 billion.

Redemptions of 777,050 shares removed $8.66 million (approximately $11.14 per share) from the Arisz trust. That leaves 2,377,315 shares outstanding, or approximately $26.5 million in trust. The SPAC raised $69 million in a November 2021 . Read more.


Source: Arisz Acquisition Shareholders Unanimously Approve 9-Month Extension
Tags: SPACs