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By John Jannarone Stable Road Acquisition Corp. (NASDAQ: SRAC) narrowly secured enough votes to avoid being dissolved and will have more time to finalize the regulatory process in its merger with Momentus, a space-industry startup that provides last-mile services such as moving satellites. The SPAC had 66.2% of shareholders vote in support of the extension, […]
A rendering of Momentus’ Vigoride in-space shuttle. Photo: Momentus Momentus special purpose acquisition company (SPAC) merger has received an extension to its closing date. Shareholders of the SPAC, Stable Road Acquisition Corp., voted to approve extending the business combination deadline to August 13. If the extension had not been approved, the merger would have fallen through. Brian Kabot, chairman and CEO of Stable Road said in a Thursday announcement that approximately 66.2% of all outstanding shares voted, and approximately 98.6% of shares that voted on the proposal, voted to appr...
Caribbean News Global May 7, 2021 Special Meeting to reconvene on May 13, 2021. Electronic voting cutoff is at 11:59 pm ET on May 12, 2021 – Stable Road is continuing to solicit votes until that time; call centers to remain open over the weekend. If the Extension Amendment Proposal is not approved, Stable Road will be unable to consummate the proposed business combination with Momentus and all public shares will be redeemed at a price of approximately $10.03 per share within ten business days after May 13, 2021. Leading independent voting advisory firm Institutional Shareholder ...
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A reckoning for Spacs: Will regulators deflate the boom? 13 minutes to read By: Miles Kruppa and Ortenca Aliaj At the beginning of this year, the space transportation start-up Momentus thought it would be well on its way towards its stated mission of "revolutionising space infrastructure and the space economy". Instead, regulators intervened. Three months after Momentus announced a US$1.2 billion ($1.6b) merger with a special purpose acquisition company, Stable Road Acquisition Corp, the Securities and Exchange Commission told the companies they were under investigation for ...
VDOT holding public meeting to discuss 220 intersection options Pat Thomas © Provided by Roanoke-Lynchburg WDBJ-TV VDOT 220 Project ROANOKE, Va. (WDBJ/VDOT Release) - The Virginia Department of Transportation is inviting the public to attend a public hearing for a project to improve seven intersections along Route 220 between Roanoke and Martinsville. The virtual hearing will be Wednesday, April 21, from 5 p.m. to 7 p.m. To access the hearing information and WebEx, click here and click on the link to “virtual design public hearing.” VDOT representatives will make a ...