Jaws Mustang Extends Business Combination Deadline

Jaws Mustang (JWSM) has released an update to notify the public and investors about corporate charter and bylaws modifications.

Jaws Mustang Acquisition Corporation (JWSM) successfully extended the deadline to complete a business combination from February 4, 2024, to March 4, 2024, with provisions to push it monthly up to twelve months if needed. Additionally, the company amended its Memorandum and Articles of Association to allow Class B shareholders to convert their shares to Class A shares before a business combination occurs. These changes, approved during a shareholder meeting, were made official with the updated Memorandum and Articles of Association filed in the Cayman Islands.

For further insights into JWSM corporate activity, check out TipRanks’ Insiders Trading Activity page.

For a comprehensive understanding of the announcement, you can read the full document here.