Cannabis SPAC Achari Ventures I Pushes Shareholder Meeting Back 2 Days 

Achari Ventures Holdings I today announced that its stockholders meeting originally scheduled for today was adjourned and will recommence Dec. 22.

The SPAC is asking shareholders to vote on a three-months deadline extension, from Jan. 19, 2023 to April 19 or up to to six months to July 19, with extensions exercisable in single-month increments. 

The share redemption deadline in connection with the extension proposal was pushed back to Dec. 20 at 5 p.m. Eastern.

Achari raised $100 million in an October 2021 IPO. The company's initial focus was to be on identifying acquisition opportunities with an ancillary business operating in the industry, including equipment, hardware, technology/software, or hydroponics. Read more.


Source: Cannabis SPAC Achari Ventures I Pushes Shareholder Meeting Back 2 Days