two (NYSE:PIAI) announced in an 8-K this morning that it has pushed back its special meeting one week from March 24 to 10 am ET, March 31.
Shareholders at the meeting will consider a proposal to extend its transaction deadline from April 1 to January 1, 2024. The SPAC’s sponsor has not yet offered to contribute to its trust in connection with this extension and it estimates two’s redemption rate at $10.17 per share.
Investors will now have until March 29 to make their redemption decisions. two raised a total of $214.4 million in its March 2021 IPO and has not yet announced a business combination.
The team’s previous vehicle, one, completed its merger with 3D-printing company Markforged (NYSE:MKFG) in July 2021.
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