Jaws Mustang Proposes Deadline Extension for Business Combination

Jaws Mustang (JWSM) has released an update.

Jaws Mustang Acquisition Corporation has filed a proxy statement for a shareholder meeting scheduled on January 25, 2024, to propose extending the deadline for a business combination from February 4, 2024, to March 4, 2024, with the option for monthly extensions until February 2025 upon board resolution. Shareholders had until January 23, 2024, to elect to redeem their shares, with withdrawals possible until the meeting date. If a founder share amendment is approved, the Sponsor plans to convert 25.5 million Class B shares to Public Shares, waiving rights to trust account funds and agreeing to original share restrictions.

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