Jaws Mustang Adjourns Extension Vote to Next Week

Jaws Mustang Acquisition said it convened and then adjourned yesterday’s shareholder meeting without conducting any business. The meeting is expected to reconvene Feb. 2 at 10:30 a.m., Eastern when shareholders are slated to vote on a deadline extension from Feb. 4 to March 4.

The SPAC earlier this week said 1,023,321 shares were redeemed in connection with the latest extension proposal.

 Jaws Mustang a year ago disclosed that nearly 102 million shares were redeemed ahead of a shareholder vote on an earlier deadline extension — out of about 103.5 million shares that remained outstanding at the time. Jaws Mustang raised $900 million in a February 2021 IPO to focus on businesses in North America and Europe “that have a clear path to organic and inorganic growth, formidable barriers to entry, exceptional management, and strong underlying demand drivers.”

The sponsor now expects to convert 25.5 million Class B shares into public shares on a one-for-one basis. Read more.


Source: Jaws Mustang Adjourns Extension Vote to Next Week