Fusion II Secures Additional 6 Months, Loses More than Half its Trust to Redemptions

Fusion Acquisition II in an 8-K today said shareholders approved extending the completion deadline to March 2, 2024.

Redemptions of 2,280,576 shares removed approximately $24.2 million from the SPAC's trust, leaving about $23.3 million.

Fusion II last month said it signed a non-binding for a business combination with Hyperloop Technologies, which is focused on realizing the hyperloop, a system that moves people and goods safely, efficiently, and sustainably by bringing airplane speeds to the ground. Passengers ride in enclosed pods propelled through a pressurized tube that creates virtually frictionless movement and all but eliminates air resistance. Read more.


Source: Fusion II Secures Additional 6 Months, Loses More than Half its Trust to Redemptions