This means that the SPAC’s new redemption deadline will be 5 pm ET, January 10. While Rose Hill did not disclose why it is postponing the meeting, it is likely that the SPAC is hoping to use this additional time to further engage with stockholders and possibly solicit redemption reversals.
Rose Hill hopes to gain stockholder approval to extend its timeline to complete its business combination by an additional six months, from January 18 to July 18. The SPAC announced a $425 million deal with superfruits company Inversiones e Inmobilaria GHC, also known as Prize, in October 2022.
Requinoa, Chile-based Prize is a Latin American producer and distributor of berries and cherries in the Southern Hemisphere with plans to expand internationally for year-round production.