Tastemaker Acquisition Corp. (TMKR) Postpones Extension Vote

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Tastemaker Acquisition Corp. (TMKR) Postpones Extension Vote

Tastemaker Acquisition Corp. (NASDAQ:TMKR) announced in an 8-K this afternoon that it has postponed its extension vote from July 7 to July 10.

As a result of the announcement, the SPAC will also extend its redemption deadline from July 5 until July 6. Tastemaker intends to use this additional time to further engage with its stockholders.

Tastemaker currently faces a completion deadline of July 12, but is hoping to receive shareholder approval at the upcoming meeting to extend this until January 12. If the extension proposal is approved, the sponsor will deposit the lesser of $60,000 or $0.03 per public share multiplied by the number of public shares outstanding in respect of such month-long period on each of July 17 and the 17th day of each subsequent calendar month until the extended date.

The SPAC originally set out to identify a restaurant business valued at $400 million to $1 billion with strong differentiated brands. Tastemaker announced a $989 million business combination with jewelry distributor Quality Gold in October 2022, but terminated the deal just last month due to market conditions.