Fusion II Secures Additional 6 Months, Loses More than Half its Trust to Redemptions | SPAC Feed

Fusion Acquisition II in an 8-K today said shareholders approved extending the completion deadline to March 2, 2024.

Redemptions of 2,280,576 shares removed approximately $24.2 million from the SPAC’s trust, leaving about $23.3 million.

Fusion II last month said it signed a non-binding letter of intent for a business combination with Hyperloop transportation Technologies, which is focused on realizing the hyperloop, a system that moves people and goods safely, efficiently, and sustainably by bringing airplane speeds to the ground. Passengers ride in enclosed pods propelled through a pressurized tube that creates virtually frictionless movement and all but eliminates air resistance. Read more.

Source: Fusion II Secures Additional 6 Months, Loses More than Half its Trust to Redemptions

• SEO Powered Content & PR Distribution. Get Amplified Today.
• PlatoData.Network Vertical Generative Ai. Empower Yourself. Access Here.
• PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
• PlatoESG. Carbon, CleanTech, Energy, Environment, Solar, Waste Management. Access Here.
• PlatoHealth. Biotech and Clinical Trials Intelligence. Access Here.
• BlockOffsets. Modernizing Environmental Offset Ownership. Access Here.
• Source: https://spacfeed.com/fusion-ii-secures-additional-6-months-loses-more-than-half-its-trust-to-redemptions