Mudrick Capital (MUDS) Files Extension Vote Results
by Kristi Marvin on 2020-02-11 at 8:10am

Mudrick Capital Acquisition Corp. (MUDS), filed an 8-K this morning detailing the results of their shareholder vote to extend their completion deadline to August 12, 2020 (held yesterday), and redemptions were heavy.  Mudrick was not offering a contribution to trust for non-redeeming shareholders for those additional six months, so this result is unsurprising.

In connection with this vote, the holders of 13,890,713 shares of common stock properly exercised their right to redeem at a redemption price of approximately $10.38 per share, for an aggregate redemption amount of approximately $144,218,760. That’s approximately two-thirds of the trust leaving a cash value of roughly $71,734,892.

As you can see below, the extension was approved by shareholders with 19,603,192 voting “yes”, so Mudrick will now be using those additional six months to work towards closing their combination with Hycroft Mining.  However, Mudrick is going to need to work hard to get their share price trading above trust value or they risk further redemptions at combination close.  They have some time now, so let’s see what they do.

FORAGAINSTABSTAINBROKER NON-VOTES
19,603,1922,037,3511,035,5000

 

 

 

Mudrick Capital (MUDS) Files Extension Vote Results
Recent Posts
by Nicholas Alan Clayton on 2025-07-11 at 8:24am

At the SPAC of Dawn Lately de-SPACs have been announcing corporate moves of a kind frequently in trios as was the case earlier this week when WeBull (NASDAQ:BULL), AST SpaceMobile (NASDAQ:ASTS) and Quantum-Si (NASDAQ:QSI) all announced major equity raises. This week, it is a trio of de-SPACs making reverse stock splits in unison, which is...

by Kristi Marvin on 2025-07-10 at 8:31am

A look at Plus’ software-first approach to autonomous trucking. After years of investment and excitement, the dawn of self-driving cars and trucks is now here. The question now is which business model among autonomous driving technology companies will win out? This week, we speak with David Liu, CEO of autonomous trucking company Plus. Plus announced...

by Nicholas Alan Clayton on 2025-07-10 at 8:27am

At the SPAC of Dawn One thing that SPAC investors can typically count on while their money is invested in a SPAC’s trust is that it is going to grow one way or the other between now and their next redemption opportunity, but the devil can occasionally be in the details. In 2024, it became...

by Nicholas Alan Clayton on 2025-07-09 at 12:57pm

Thunderstone has filed for a $50 million SPAC to put a new first-time Asia-based team in action on a generalist hunt. The new SPAC is offering investors a right to a 1/8 share in each unit with 18 months to initially complete a business combination. It is the 8th fresh S-1 filed with underwriter D....

by Nicholas Alan Clayton on 2025-07-09 at 8:22am

At the SPAC of Dawn In a trading session that may find itself built around the release of Fed minutes at 2 pm ET this afternoon, a pair of SPAC targets have added their own fresh information to the mix. Enterprise AI firm Fusemachines, which has a pending combination with CSLM (OTC:CSLMF), put out a...

logo

Copyright © 2025 SPACInsider, Inc. All Rights Reserved