Minority Equality Opportunities Acquisition Inc. Announces Postponement of Special Meeting of Shareholders Until Tuesday, May 23, 2023 at 2:00 p.m. EDT
WAXAHACHIE, Texas, May 22, 2023 /PRNewswire/ -- Minority Equality Opportunities Acquisition Inc. (NASDAQ: MEOA) ("MEOA" or the "Company"), a special purpose acquisition company, filed a definitive proxy statement / final prospectus (the "Final Proxy") with respect to a special meeting of its stockholders to be held on Monday, May 22, 2023 at 10:00 a.m. EDT (the "Special Meeting") to vote on, among other things, a proposal to approve an amendment to MEOA's amended and restated certificate of incorporation to extend the date by which MEOA must consummate its initial business combination from May 30, 2023 up to three (3) one-month extensions to August 30, 2023, or such earlier date as determined by MEOA's board of directors (the "Extension Proposal").
- WAXAHACHIE, Texas, May 22, 2023 /PRNewswire/ -- Minority Equality Opportunities Acquisition Inc. (NASDAQ: MEOA) ("MEOA" or the "Company"), a special purpose acquisition company, filed a definitive proxy statement / final prospectus (the "Final Proxy") with respect to a special meeting of its stockholders to be held on Monday, May 22, 2023 at 10:00 a.m. EDT (the "Special Meeting") to vote on, among other things, a proposal to approve an amendment to MEOA's amended and restated certificate of incorporation to extend the date by which MEOA must consummate its initial business combination from May 30, 2023 up to three (3) one-month extensions to August 30, 2023, or such earlier date as determined by MEOA's board of directors (the "Extension Proposal").
- MEOA has determined to postpone the Special Meeting until 2:00 p.m. EDT on Tuesday, May 23, 2023.
- If MEOA's stockholders approve the Extension Proposal at the Special Meeting, MEOA can obtain up to three (3) one-month extensions to the deadline to complete a business combination, provided that an additional $83,333.33 is deposited into the trust account maintained by Continental Stock Transfer & Trust Company (the "Trustee") under that certain Investment Management Trust Agreement dated as of August 25, 2021 by and between MEOA and the Trustee for each month extended, for an aggregate deposit for the full three (3) month extension period of $250,000.
- If MEOA's stockholders do not approve the Extension Proposal at the Special Meeting, then on May 30, 2023, MEOA will be required to cease its operations, and redeem or repurchase 100% of its Public Shares and then liquidate.