other material
confidence high
sentiment negative
materiality 0.80
Noble Rock extends deadline; holders redeem 21.24M shares ($215M) from trust
NORTHERN REVIVAL ACQUISITION Corp
- Shareholders approved extension of business combination deadline to September 4, 2023.
- Holders of 21,240,830 Class A ordinary shares elected to redeem at ~$10.14/share, removing $215.4M from trust.
- Redemption represents ~88% of the 24.15M public shares eligible for redemption.
- Extension Proposal passed with 24,079,217 FOR, 38,066 AGAINST, 0 ABSTAIN.