vector acquisition II in a proxy filing proposes a merger deadline extension until March 12, 2024. A vote on the matter is set for March 8.

The SPAC set the estimated redemption price at $10.20 per share baded on almost $459 million in trust.

The SPAC is sponsored by vector capital, a San Francisco-based $3.2 billion private equity firm focused on special situations investments in technology.

Sister SPACs Vector III and IV withdrew IPOs last month. Vector III registered in March 2021 to offer 25 million Class A ordinary shares at $10 each. Vector IV registered that same month to offer 35 million shares. Read more.

Source: Vector Acquisition II Files Proxy to Push Merger Deadline Back a Year