Fifth Wall Acquisition III in a proxy filing called a May 17 meeting for shareholder to vote on a proposal that would stretch the SPAC's deadline to Sept. 15.
The SPAC's merger agreement with Cincinnati-based Mobile Infrastructure, one of the largest mobility-focused parking asset owners in the U.S., has a post-money equity valuation of approximately $550 million. That assumes no redemptions. The transaction is supported by the SPAC's $275 million cash in trust and a $10 million PIPE. Read more.
Source: Fifth Wall Acquisition III Seeks 4 More Months to Seal Mobile Infrastructure Deal