At the special meeting, Pathfinder is hoping to gain shareholder approval to extend its completion deadline from February 19 to May 19 and to further extend it by another month, for a total of four months, until June 19. The SPAC hopes to use this additional time to further engage with its shareholders.
As a result of the postponement, the company has also extended the deadline for redemption requests from January 30 to February 15.
Pathfinder initially announced its $537 million combination with Movella on October 4 and terminated an earlier combination agreement with ServiceMax in December 2021. San Jose, California-based Movella provides motion-capture hardware and software for the entertainment, health and manufacturing industries.