Jaws Mustang extends SPAC deadline to Jan 4, 2025; shareholders redeem ~$15.1M

Jaws Mustang Acquisition Corp

Shareholders approved extension of business combination deadline from Dec 4, 2024 to Jan 4, 2025.
Board may extend monthly up to 23 additional months (to Dec 4, 2026) without further vote.
1,405,293 Class A shares redeemed at ~$11.48/share for aggregate ~$15.1 million.
Trust account balance after redemptions is approximately $1,027,603.
Over 96% of voting power present; Extension Amendment approved with 26,380,004 votes for.

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