Colombier Acquisition today announced that its stockholders voted in favor of merging with PublicSq., which bills itsels as “a leading marketplace of patriotic businesses and consumers.”
The closing is expected to occur as soon as practicable, subject to the satisfaction or waiver of remaining customary closing conditions.
Colombier disclosed before the vote that redemptions hit about 83%. Announced in February, the transaction was expected to provide up to $158.5 million in cash to PublicSq. to fund growth and expansion into new revenue streams, although that assumed no redemptions.
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