The SPAC originally adjourned its special meeting on November 15, to November 18, and will now be adjourning the meeting again from November 18, to November 23.
Similar to Digital World (NASDAQ:DWAC), Kingswood is still having difficulties soliciting enough votes for the approval to extend its deadline to May 24, 2023 and will need more time to do so. If approved, the amendment would provide the company with an additional six months to complete its proposed merger.
In connection with the adjourned date, KWAC has also further extended the deadline for holders of the company’s common stock to submit their shares for redemption to November 21. KWAC plans to continue to solicit proxies for the meeting until November 23.