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Seaport Calibre Materials Acquisition Corp. (Nasdaq: SCMA) has postponed its Special Meeting of Stockholders from January 26, 2023, to January 31, 2023, at 1:00 p.m. Eastern Time. The meeting will be virtual, allowing stockholders to vote and ask questions online. There are no changes to the record date, and proxies already submitted remain valid. Stockholders can redeem public shares for a pro-rata share of the Trust Account funds until January 27, 2023. Stockholders are advised to review the proxy statement and obtain additional materials through the SEC’s website or contact the Company’s proxy solicitor.
Seaport Calibre Materials Acquisition Corp. (Nasdaq: SCMAU) announced that starting December 20, 2021, holders of the Units from its initial public offering can trade the Class A common stock (SCMA) and warrants (SCMAW) separately. This move allows greater flexibility for investors as these securities will now trade individually on the Nasdaq Global Market. The Company, a blank check entity, aims to merge or acquire businesses primarily in the steel and metals sector. The offering was underwritten by Seaport Global Securities, with a registration statement declared effective on October 27, 2021.
Seaport Calibre Materials Acquisition Corp. announced its initial public offering (IPO) pricing of 13,000,000 units at $10.00 each, set to trade on Nasdaq under ticker symbol SCMAU from October 28, 2021. Each unit comprises one share of Class A common stock and half a redeemable warrant, with whole warrants priced at $11.50. The company aims to pursue business combinations in the steel and metals sector. Underwriters have a 45-day option to purchase an additional 1,950,000 units for over-allotments. The offering is expected to close on November 1, 2021, pending customary conditions.
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