Pivotal Investment III adjourned its stockholders meeting and rescheduled a deadline extension vote for Dec. 28 at 1:00 p.m. EDT. The SPAC said it will use the time to engage with its stockholders and solicit redemption reversals.
Pivotal’s current termination deadline is Feb. 11, 2023.
The SPAC raised $200 million in a February 2021 IPO with stated plans to focus on industries ripe for disruption from continuously evolving digital technology and the resulting shift in distribution patterns and consumer purchase behavior. Read more.