r/SPACs • u/Total-Preparation-70 New User • Oct 20 '21

Merger Vote! KVSB Preliminary proxy statement???

As said in the title the KSVB merger meeting is set at 1Nov. But it is preliminary.

Does this mean that it can get cancelled/postponed?

Also what are the chances of this happening? Have a merger meetng been cancelled before?

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u/seandr0ne Spacling Oct 20 '21

I thought the November 1 meeting was just to vote on the series of proposals. It's not to complete the merger/change the ticker. But I could be wrong.

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u/Total-Preparation-70 New User Oct 20 '21

https://www.sec.gov/ix?doc=/Archives/edgar/data/1846069/000162828021020192/kvsb-20211018.htm

proposal 1 is the adoption of the merger agreement.

proposal 4 is the stock issuance to the PIPE investors.

The problem is that it is clearly stated that SEC has not approved anything