ST Energy Transition I said it cancelled an as-yet unscedhuled meeting at which shareholders were to vote on a deadline extension that would give the SPAC another six months to find a target and close a deal.
The current deadline is June 9.
ST Energy Transition I raised $250 million in a DEcember 2021 ipo with plans to to focus “on opportunities that contribute in positive ways towards energy transition and clean energy technology,” according to the s-1 filing.
With no deal in hand and its termination deadline just over a week away, the SPAC in a press release gave no indication of its next move. Read more.
Source: ST Energy Transition I Cancels Meeting on Extension Vote