Jaws Mustang (JWSM) has released an update to notify the public and investors about the submission of matters to a vote of security holders.
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At a recent Shareholder Meeting, a Company successfully passed the Extension Amendment Proposal and the Founder Share Amendment Proposal with overwhelming support, making the Adjournment Proposal unnecessary. Nearly 97% of the voting power was represented, and a significant majority voted in favor of the amendments. Additionally, a subset of shareholders exercised their right to redeem their Class A Ordinary Shares for a total of approximately $7.66 million, leaving the Company’s Trust Account with a balance of around $15.45 million.
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.
