Tastemaker Acquisition Corp. (TMKR) Postpones Extension Vote
by Marlena Haddad on 2023-07-05 at 5:39pm

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.


Recent Posts
by Nicholas Alan Clayton on 2024-02-23 at 2:26pm

Pyrophyte (NYSE:PHYT) faced a major regulatory setback for its combination with mining firm Sio Silica this week, but a recent analogous SPAC deal could provide some encouragement for a path forward. Sio Silica is working to develop a high-grade silica mine in the Vivian Sands outside Winnipeg, Canada and it inked the $708 million combination...

by Nicholas Alan Clayton on 2024-02-23 at 1:37pm

News and Rumors JD Supra: Securities class action lawsuits against SPACs and de-SPACs increased only slightly in 2023 with 27 after 2022 saw 24 and 2021 – 33. Lawsuits concerning the de-SPACing process itself dropped precipitously, however, representing just 21% of cases as compared to 69% in the previous two years and 80% in 2020....

by Nicholas Alan Clayton on 2024-02-23 at 7:39am

At the SPAC of Dawn SPACs have officially landed on the Moon. Despite a few last-minute delays and minor malfunctions, Intuitive Machines’ (NASDAQ:LUNR) Odysseus lander made the first soft landing on the Moon since 1972 and the first ever by a commercial enterprise. Three other private missions to the moon have failed in recent years...

by Nicholas Alan Clayton on 2024-02-22 at 2:50pm

Moringa (NASDAQ:MACA) has entered into a definitive agreement to combine with clinical-stage biotech firm Silexion at a pre-transaction equity value of $62.5 million. Modi’in-Maccabim-Reut, Israel-based Silexion is developing a range of potential cancer treatments with its most advanced efforts targeting pancreatic cancer. The combined company is expected to trade on the Nasdaq once the deal...

by Nicholas Alan Clayton on 2024-02-22 at 1:32pm

News and Rumors CityWire: A subsidiary of Allianz (DE:ALV) and Constellation Wealth Capital have signed on to invest $400 million in asset management firm AlTi Global (NASDAQ:ALTI), purchasing a combination of ordinary shares and Series A convertible preferred stock. AlTi is up 21% in midday trading on the news. It combined with Cartesian Growth in...


Copyright © 2023 SPACInsider, Inc. All Rights Reserved