PGACR shareholders approve 12-month extension to find merger target, deadline now June 2027

Filed June 10, 2026 · Period ending June 3, 2026 · ~1 min read

Key Changes

• high

  Shareholders voted to extend the business combination deadline from June 6, 2026 to June 6, 2027 on a month-to-month basis. Each monthly extension requires depositing $0.033 per outstanding public share into trust, capped at $60,000 per month.

  Item 5.07 verify on EDGAR →
• medium

  The extension passed with 6.7 million votes for and 2.8 million against, representing strong but not unanimous shareholder support. Approximately 87% of outstanding shares participated in the vote.

  Item 5.07 verify on EDGAR →
• medium

  Trust agreement with Wilmington Trust amended to permit the monthly extension deposits. This is the first amendment since the original December 2024 trust agreement.

  Item 5.03 verify on EDGAR →