VMG Consumer Acquisition said it cancelled tomorrow's shareholder meeting to consider a deadline extension and will, instead, redeem shares and dissolve effective May 15.
The per-share redemption price is expected to be $10.40, according to a press release.
The SPAC's November 2021 IPO raised $200 million. VMG was targeting high-growth consumer and retail companies. Read more.
Source: VMG Consumer Acquisition Cancels Extension Vote, will Liquidate