Monument Circle Acquisition shareholders approved a six-month deadline extension until July 2023, but also granted SPAC management the option to dissolve early, which the spac board said it has chosen to do.
The SPAC saaid 23,585,009 public shares have been redeemed already. That represents about 94% of the cash the SPAC raised in a January 2021 ipo with plans to focus on businesses in the media, technology, sports and entertainment sectors.
The final redemption amount for remaining shareholders is being calculated by the SPAC's transfer agent. Read more.
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Source: Monument Circle Acquisition Pulls Plug Ahead of New Year