Welcome to our dedicated page for Coliseum Acquisition news (Ticker: MITA), a resource for investors and traders seeking the latest updates and insights on Coliseum Acquisition stock.
Coliseum Acquisition Corp. (Class A Ordinary Share, symbol: MITA) is a blank check company focusing on unique opportunities within the consumer, health & wellness, and entertainment sectors. The company is designed to execute mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations with one or more businesses.
Established to identify and partner with promising ventures, Coliseum Acquisition Corp leverages its vast expertise and strategic relationships to unlock value and drive growth for its stakeholders. The company aims to bring innovative and high-potential companies into the public market, helping them scale and reach new heights.
Recent achievements include securing key partnerships and identifying several potential targets for acquisition. These efforts underscore the company’s commitment to leveraging its resources to support dynamic and industry-leading enterprises.
Coliseum Acquisition Corp is actively involved in current projects that span across its core interest areas, identifying groundbreaking opportunities that align with global consumer trends and technological advancements. The financial condition of the company remains robust, driven by a focused strategy and disciplined financial management principles.
As a blank check company, Coliseum Acquisition Corp continues to seek out partnerships that align with its mission to drive innovation at the cross-section of consumer, health & wellness, and entertainment. Investors and stakeholders can expect regular updates on the company's progress, including news of potential mergers and acquisitions that could redefine industry standards.
Stay tuned for the latest developments and insights as Coliseum Acquisition Corp. navigates the dynamic landscape of its targeted industries, continually seeking to enhance shareholder value and contribute to market innovation.
Coliseum Acquisition Corp (NASDAQ: MITA) has scheduled two important shareholder meetings for December 23, 2024, at 9:00 am ET. The first meeting concerns the proposed business combination with Rain Enhancement Technologies, while the second addresses a potential time extension for completing the combination.
Shareholders of record as of November 26, 2024, can vote on both matters. The current deadline for completing the business combination is December 25, 2024, with a proposed extension until December 31, 2024, and possible further extensions until February 28, 2025.
Public shareholders can redeem their shares at approximately $11.39 per share for both meetings, with a redemption deadline of December 19, 2024, at 5:00 pm ET. Berto would need to deposit $17,500 for the initial extension and $75,000 for each additional monthly extension.
Coliseum Acquisition Corp (Nasdaq: MITA, MITAU, MITAW) and Rain Enhancement Technologies (RET) announced that their registration statement for their proposed business combination has been declared effective by the SEC. The extraordinary general meeting of Coliseum shareholders is scheduled for December 23, 2024.
The proxy statement/prospectus will be mailed to Coliseum's shareholders of record as of November 26, 2024. The business combination is expected to close in December 2024, subject to closing conditions.
Rain Enhancement Technologies (RET) is merging with Coliseum Acquisition Corp, a SPAC, to go public under the ticker 'RAIN' on Nasdaq. This business combination values RET at $45 million, with Coliseum bringing approximately $31 million in cash to support growth and innovation. RET's ionization rainfall generation technology aims to address global water scarcity, proven by a six-year trial in Oman showing a 16% increase in rainfall. RET's CEO, Chris Riley, brings extensive leadership experience. The transaction is expected to complete following customary closing conditions.
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