Minority Equality Opportunities Acquisition Inc. Announces Postponement Of Special Meeting Of Shareholders Until Friday, May 26, 2023 At 10:00 a.m. EDT
Portfolio Pulse from Happy Mohamed
Minority Equality Opportunities Acquisition Inc. (MEOA) has postponed its special meeting of shareholders to May 26, 2023, to vote on the proposed business combination with Digerati Technologies and MEOA Merger Sub. Preliminary reports indicate that 728,815 public shares have been requested for redemption, leaving 52,013 public shares outstanding after the closing of the Business Combination.
May 24, 2023 | 2:18 pm
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MEOA postpones special meeting to vote on business combination with Digerati Technologies, with 728,815 public shares requested for redemption.
The postponement of the special meeting may cause uncertainty among investors, but the redemption of public shares indicates that shareholders are taking advantage of the opportunity to exit their positions. The short-term impact on MEOA's stock price is neutral, as the postponement does not directly affect the outcome of the business combination.
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