Semper Paratus Acquisition Corporation Class A (LGST) has released an update to notify the public and investors about the submission of matters to a vote of security holders.
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Semper Paratus Acquisition Corporation held a shareholder meeting to approve a series of proposals related to a business combination with Tevogen Bio, which included a merger and Semper Paratus’ redomiciliation to Delaware and name change to Tevogen Bio Holdings Inc. The merger and other proposals were approved, with shares represented at the meeting, ensuring a quorum. Shareholders exercised their right to redeem over 1.4 million public shares, and it’s estimated that approximately $15.9 million will be paid out from the trust account for these redemptions. The common stock of the new entity is expected to be listed on Nasdaq under the symbols “TVGN” and “TVGNW.”
For further insights into LGST corporate activity, check out TipRanks’ Insiders Trading Activity page.
For a comprehensive understanding of the announcement, you can read the full document here.
