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D and Z Media Acquisition Corp. (NYSE: DNZ) announced a special meeting on December 19, 2022, to vote on extending the deadline for its initial business combination from January 28, 2023, to October 31, 2023. The extension is contingent on shareholder approval, with the Sponsor committing to contribute to the trust account. If approved, an additional $255,000 will be deposited initially, followed by monthly contributions until the extended date. The company plans to liquidate treasury obligations and maintain funds in an interest-bearing account, currently yielding 2.5%.
D and Z Media Acquisition Corp. (NYSE: DNZ) has convened and adjourned its special meeting originally set for December 7, 2022, to December 19, 2022, at 1:30 p.m. ET. The meeting's primary agenda includes voting to extend the deadline for consummating an initial business combination from January 28, 2023, to October 31, 2023. Stockholders can submit proxies and have until December 15, 2022, to redeem shares in connection with this extension. The Definitive Proxy Statement filed on November 15, 2022, offers more details on the proposals and voting process.
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