STOP THE WAR! Let’s support Ukraine Together

The Growth for Good Acquisition Corp. (GFGD) Postpones Completion Vote

proxy vote

The Growth for Good Acquisition Corp. (GFGD) Postpones Completion Vote

The Growth for Good Acquisition Corp. (NASDAQ: GFGD) has decided to push back its completion vote, originally scheduled for August 23, until 10:00 a.m. ET on August 28.

The SPAC stated that it is working through certain agreements for the subscription of shares in a PIPE financing upon the completion of its contemplated business combination with off-highway EV-maker ZeroNox. The Growth for Good did not originally supplement the deal with additional committed financing and has managed to avoid redemptions thus far with $253 million in its current trust.

In connection with the postponed meeting date, Growth for Good has also extended the redemption deadline to 5:00 p.m. ET on August 24.

The two parties inked the $306 million deal earlier this year in March. Porterville, California-based ZeroNox manufactures electric drivetrains for a wide range of off-highway vehicles like golf carts, forklifts and all-terrain vehicles.

The combined company is expected to trade on the Nasdaq under the symbol “ZNOX” once the deal is completed.