Springwater Special Situations Corp. (SWSS) Adjourns Extension Vote

Springwater Special Situations Corp. (Nasdaq: SWSS) announced this afternoon that it has adjourned its special meeting.

The meeting, which was originally scheduled for today, will now take place on February 27 to allow additional time for the SPAC to engage with its stockholders regarding redemption reversals.

Springwater is currently facing a completion deadline of February 28, but is hoping to gain shareholder approval to extend its timeline to August 28.

The SPAC announced the pricing of its $150 million IPO in August 2021. It hasn’t announced a combination with a target just yet, but intends to focus its search on a sizeable and well-positioned business with operational improvement potential at an undervalued price.