FTAC Athena Acquisition announced the cancellation of its Feb. 15 shareholders meeting, when the main business was to vote on a merger deadline extension until Aug. 25.
The SPAC’s current deadline is Feb. 25. The press release did not indicate whether the SPAC might reschedule a shareholders meeting before the looming deadline.
Almost a year ago the SPAC led by Betsy Z. Cohen terminated a planned merger with Pico, a provider of technology, data and analytic services for financial markets, due to the target’s “failure to deliver financial information as required by the Business Combination Agreement.”
FTAC Athena raised $220 million in an IPO two years ago. Read more.
Source: FTAC Athena Acquisition Cancels Extension Vote, Faces Feb. 25 Deal Deadline