LONGEVITY ACQUISITION CORP. (LOAC)
On May 22nd, Longevity Acquisition Corp. (LOAC), held their shareholder vote to extend their completion deadline to November 30th, and while LOAC was offering $0.025 per month (for six months) as contribution to trust, redemptions were, once again, on the heavy side.
Per the 8-K, of the 4,000,000 public SPAC shares outstanding, 2,643,178 shares opted to redeem, or approximately 66.1%, resulting in a new estimated current trust value of $14,40,874.06. Based on those redemptions, there are now 1,356,822 public shares outstanding with an estimated monthly contribution to trust equaling $33,920.55, or $0.025 per share.
As mentioned above, Longevity now has until November 30th, or six months, to announce and close a combination.
You can find the vote results HERE.
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