Berenson Acquisition Corp. I (BACA) Adjourns Extension Vote
by Marlena Haddad on 2023-01-10 at 3:07pm

Berenson Acquisition Corporation I (NYSE:BACA) announced this afternoon that it adjourned today’s special meeting to extend its transaction deadline to 12 p.m. ET on February 7.

The SPAC currently has a completion deadline of March 30, but is seeking shareholder approval to extend it to September 30. In light of the adjournment, Berenson has also extended the deadline for stockholders to submit their shares for redemption to 5 p.m. ET on February 3. 

This marks Berenson’s second adjournment for its extension vote. The SPAC had originally scheduled the meeting for December 13 before postponing it to today.

Berenson announced the pricing of its $250 million IPO in September 2021 but has not yet announced a business combination. The company intends to combine with a business that is operating in the software and technology-enabled services sector with recurring revenue, the prospect for high free cash flow conversion at scale, and an enterprise value of at least $1 billion.

Recent Posts
by Marlena Haddad on 2023-11-28 at 10:03am

Plum Acquisition Corp. I (NASDAQ:PLMI) has entered into a definitive agreement to combine with digital transformation company Veea for a total enterprise value of approximately $281 million. New York City-based Veea aims to simplify secure edge computing by improving application responsiveness, reducing bandwidth and data transport costs, and eliminating central cloud dependency. The parties expect the transaction to be...

by Nicholas Alan Clayton on 2023-11-28 at 8:43am

L Catterton Asia (NASDAQ:LCAA) announced this morning that it has upsized the committed financing in its combination with EV sports car maker Lotus to $870 million in total. The latest fuel injection comes in the form of $750 million in convertible notes and PIPE commitments under so far undisclosed terms. Counted purely as a PIPE,...

by Nicholas Alan Clayton on 2023-11-28 at 7:43am

At the SPAC of Dawn SPAC closing timelines can always be somewhat unpredictable, but PROOF I (NYSE:PACI) has the opportunity today to vie for a recent speed record today. It announced a combination with private aviation firm Volato 118 days ago on August 2 and its shareholders are set to vote to approve the combination...

by Marlena Haddad on 2023-11-27 at 1:21pm

Dune Acquisition Corporation (NASDAQ:DUNE) announced in an 8-K today that it has once again modified its agreement with sustainable energy firm Global Hydrogen. This amendment marks a reduction in Global Hydrogen’s equity value from $48 million to $43 million, alongside an increase in the available shares of common stock that is for the Global Gas Corporation...

by Nicholas Alan Clayton on 2023-11-27 at 7:43am

At the SPAC of Dawn After mixed signals for the consumer sector earlier this month, initial Black Friday sales numbers have shown that Americans were not too stuffed for a shopping spree this year. Shoppers bagged between $9.8 billion and $10 billion in goods online, depending on one’s preferred source, either of which would be...


Copyright © 2023 SPACInsider, Inc. All Rights Reserved