Viscogliosi Brothers Acquisition in an 8-K said it has cancelled an extension vote and will instead dissolve, being unable to complete a deal by its July 11 deadline. Share redemptions are expected to be completed within 10 business days of July 11, although there was no word on the estimated per-share price.
The SPAC filed a proxy a month ago with plans to ask shareholders for a deadline extension until July 2024.
The SPAC raised $86.25 million in a January 2022 ipo. Since then, the blank-check firm had been focused on businesses that have their primary operations located in North America and europe in the neuro-musculoskeletal industry. Read more.