Welcome to our dedicated page for MPAC news (Ticker: MPAC), a resource for investors and traders seeking the latest updates and insights on MPAC stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect MPAC's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of MPAC's position in the market.
MultiMetaVerse Inc. and Model Performance Acquisition Corp. (MPAC) have successfully completed their business combination, leading to the formation of MultiMetaVerse Holdings Limited (MMV). Starting January 5, 2023, MMV will trade on Nasdaq under the ticker symbols MMV and MMVWW for its shares and warrants, respectively. This merger aims to enhance MMV's position as a global digital entertainment provider, focusing on animation and immersive experiences. The company intends to expand its content portfolio and reach new markets, leveraging its established community and innovative storytelling.
Model Performance Acquisition Corp. (NASDAQ: MPAC) announced that shareholders approved an extension of the business combination period from October 12, 2022, to January 12, 2023. This extension allows the company additional time to complete its merger with MultiMetaVerse Inc. Shareholders tendered 3,508,994 shares for redemption, resulting in approximately $23.4 million remaining in the trust account. Furthermore, a second amendment to the merger agreement was made, including an interest-free loan of $525,000 from MMV and a commitment from shareholders regarding share forfeiture.
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