Mars Acquisition Corp. Extends Business Combination Deadline

Mars Acquisition Corp. (MARX) has released an update to notify the public and investors about corporate charter and bylaws modifications.

Mars Acquisition Corp. held an extraordinary general meeting on January 30, 2024, where shareholders approved amendments to extend the deadline for a business combination to November 16, 2024, and remove the redemption limitation that prevented share redemptions if net tangible assets fell below $5,000,001. Additionally, they authorized the adjournment of the meeting for further proxy solicitation or if deemed necessary by the board. Following approval, the company will file the amendments with the Registrar of Companies of the Cayman Islands.

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