Sizzle Acquisition Corp (SZZL) has released an update.
Sizzle Acquisition Corp. stockholders have approved a significant extension for the company to complete its initial business combination, extend operations, or redeem its public shares, moving the deadline from February to August 2024. During the vote, a substantial majority favored the proposal, while a fraction of shareholders opted to redeem their shares, withdrawing approximately $8.6 million from the trust account, leaving $25.5 million. The post-redemption period leaves the company with over 2.3 million public shares remaining.
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