LatAmGrowth SPAC in a press release today said Thursday's meeting is being adjourned to Sept. 28 at 2 p.m. Eastern, when shareholders will be asked to vote on a proposal that would allow the company to dissolve the day after. The SPAC's current completion deadline is Nov. 27.
Shareholders would also vote on whether to allow the company to use $100,000 of interest earned on the cash in trust to pay dissolution expenses.
LatAmGrowth raised $130 million in a January 2022 IPO with plans to focus on high-growth companies in latin america, including brazil, as well as businesses in the United States that cater to the Hispanic community.
The SPAC never announced a deal. Read more.
Source: LatAmGrowth SPAC Asks Shareholders for Green Light to Liquidate