Goal Acquisitions set a Feb. 7 meeting for shareholders to vote on a deadline extension proposal that would give the SPAC up to five more months to complete a deal. If approved, the SPAC's sponsor agrees to depsit the lesser of $258,750 or 5 cents a share into trust for each additional month required. The current deadline is Feb. 16.
Goal Acquisitions in November announced a proposed business combination with Digital Virgo Group at an enterprise value of approximately $513 million.
If approved, upon closing, Digital Virgo Group stock would list in the U.S. The target is a French corporation which operates a global platform for payment and monetization of digital content and services, providing one destination for entertainment, sports, lifestyle, and ultimately, transportation, education and everyday needs, according to a press release announcing the deal. Read more.
Source: Goal Acquisitions Calls Stockholder Meeting to Consider Merger Extension on Digital Virgo Deal