Tastemaker Acquisition Corp. (NASDAQ:TMKR) announced in an 8-K this afternoon that it has postponed its extension vote from July 7 to July 10.
As a result of the announcement, the SPAC will also extend its redemption deadline from July 5 until July 6. Tastemaker intends to use this additional time to further engage with its stockholders.
Tastemaker currently faces a completion deadline of July 12, but is hoping to receive shareholder approval at the upcoming meeting to extend this until January 12. If the extension proposal is approved, the sponsor will deposit the lesser of $60,000 or $0.03 per public share multiplied by the number of public shares outstanding in respect of such month-long period on each of July 17 and the 17th day of each subsequent calendar month until the extended date.
The SPAC originally set out to identify a restaurant business valued at $400 million to $1 billion with strong differentiated brands. Tastemaker announced a $989 million business combination with jewelry distributor Quality Gold in October 2022, but terminated the deal just last month due to market conditions.
Terms Tracker for the Week Ending February 14, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. It was another active week in the SPAC market, with four new SPACs filing to IPO and three new IPOs pricing—all of which managed to...
At the SPAC of Dawn Lost in the daily assault of A.I. company news are all of the “other” companies that were created in the past decade or so. The normies. These venture-backed companies that achieved unicorn status during the boom years of 2020 and 2021 have been sidelined and much has been discussed about...
Quantum computing has been one of the hottest investment topics in the past two months and three of the leading listed companies in the space are de-SPACs. But, how close is quantum computing to generating real value and what capabilities are still years away? This week, we speak with Alan Baratz, CEO of D–Wave (NYSE:QBTS), which...
At the SPAC of Dawn The sudden burst of SPAC activity this week slowed down after the closing bell yesterday as the market faces a period sandwiched between CPI and PPI readouts. Yesterday’s CPI news and Fed Chair Jerome Powell’s comments before Congress did not provide an instant relief in terms of clarity on a...
Maywood Acquisition Corp. (NASDAQ:MAYAU) announced the pricing of its $75 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “MAYAU”, Thursday, February 13, 2025. Maywood will have a broad search focus and will pursue an initial business combination in any industry or geographic location. The team is led...