Leddartech And Prospector Capital Announced That Prospector's Shareholders Voted To Approve The Previously Announced Business Combination Between Prospector And Leddartech Holdings
Portfolio Pulse from Benzinga Newsdesk
Shareholders of Prospector Capital Corp. (PRSR) have voted to approve the business combination with LeddarTech Holdings. The record date for the issuance of one additional Prospector Class A Share for each non-redeemed share will be on the closing date of the transaction.
December 19, 2023 | 2:32 pm
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Prospector Capital Corp. (PRSR) shareholders approved the merger with LeddarTech Holdings, which could lead to positive market sentiment and potential stock price increase.
The approval of the merger by PRSR shareholders is a positive development, indicating progress towards completing the business combination. This typically results in positive sentiment among investors, as it clears a significant hurdle in the merger process. The additional share issuance could be seen as a reward for non-redeeming shareholders, potentially making the stock more attractive in the short term.
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IMPORTANCE 80
RELEVANCE 100