Noble Rock Acquisition in an 8-K today disclosed it has signed a deal for the sponsor to transfer control of trhe SPAC to Meteora Special Opportunity Fund i, GenGlobal Noble and Singh Capital Partners.
There will be changes in the SPAC’s board, although current director Aemish Shah will retain that role and become CEO, according to the filing.
The disclosure comes a day after Noble Rock postponed its shareholder meeting on an extension vote until Jan. 27 and lowered the amount of the proposed deposit it would make into trust if the extension is approved. Read more.
Source: Noble Rock Acquisition Sells Sponsor Control