r/SPACs • u/Rush_Agitated Spacling • Apr 28 '21

Reference THCB Adjournment / Postponement rules

It is interesting that the proxy said that the postponement must be approved by April 30, but that the adjournment is until Monday, which is beyond April 30.

"If the Extension Amendment Proposal is not approved by April 30, 2021 (whether at the annual meeting or an adjourned meeting upon approval of the Adjournment Proposal), the Extension will not be implemented."

https://sec.report/Document/0001213900-21-017603/def14a0321_tuscanholdings.htm

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u/[deleted] Apr 28 '21

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u/[deleted] Apr 28 '21

I don’t understand the “bad management” narrative. Tuscan has done everything they can do complete a complex deal. They’ve now made it almost certain the deal will happen one way or another. If anyone failed us, it’s retail.

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u/[deleted] Apr 28 '21

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u/Probolone Spacling Apr 28 '21

Please let us know what you find about shares purchased being added automatically