Corner Growth Acquisition Postpones Extension Vote

Corner Growth Acquisition in an 8-K said its shareholder meeting was called an immediately adjourned without voting on a nextension proposal. The meeting was rescheduled for today to give the SPAC more time to solicit proxies from .

Corner Growth wants to push its deadline from June 21 to March 20, 2024. The SPAC has a deal in hand with cybersecurity company Noventiq. The deal has an $800 million pro forma enterprise value. 

The SPAC lost about 97% of its trust value on a December extension vote and now holds approximately $12 million. However, Corner Growth and London-based Noventiq in earlier filings have said they intend to supplement the cash in trust with $100 million in unspecified funding. Read more.

Source: Corner Growth Acquisition Postpones Extension Vote