This afternoon, Schultze Special Purpose Acquisition Corp. (SAMA), announced that shareholders have approved moving their deadline to September 30, 2020, with only 7,500 shareholders voting against. Additionally, Schultze Special Purpose also revealed that only 34,868 shares opted to redeem, but unfortunately did not state what the actual redemption price was. We’ll have to wait for that in a separate filing.
Schultze now has an extra 3.5 months to complete their combination, but first, they need to announce a definitive agreement with Clever Leaves. Currently, Schultze and Clever Leaves have only signed a non-binding LOI. However, based on the sheer amount of information on the intended transaction that was released in their teaser, a definitive announcement is very close. As a reminder, Schultze will not be making any contributions to trust for non-redeeming shareholders at this extension vote.
You can find the filed 8-K results HERE.


At the SPAC of Dawn Rare earth miner MP Materials (NYSE:MP) was one of the early winners of the 2020 SPAC boom, having picked up momentum following its 2020 deal with Fortress Value. But, the company’s news that it will become a major supplier of battery materials for Apple’s empire of electronic devices has sent...
Solarius Capital Acquisition Corp. (NASDAQ:SOCAU) announced the pricing of its $150 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “SOCAU”, Wednesday, July 16, 2025. The new SPAC plans to combine with a target in the asset management, wealth management or financial services industries. Solarius Capital’s management team...
Exciting new things are coming for SPACInsider subscribers, and some have already arrived! This summer, SPACInsider is unveiling the SPACInsider Alerts App on iOS with an Android launch soon to follow. The app allows subscribers to stay ahead of the SPAC market with real-time, customizable filing alerts with instant notifications landing the moment that a...
At the SPAC of Dawn Futures are largely green with the CPI reading coming up, and several SPACs and de-SPACs have cause to feel bullish regardless of what the reading states. Pharma and beauty company Longevity Health (NASDAQ:XAGE) announced it will acquire plasma collection firm True Health ahead of market open in news that has...
Silver Pegasus Acquisition Corp. (NASDAQ:SPEGU) announced the pricing of its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “SPEGU”, Tuesday, July 15, 2025. The new SPAC plans to search within the technology sector, with a focus on semiconductors and systems solutions. Silver Pegasus Acquisition Corp.’s management...