Prime Number SPAC Shares Rise After Adjourning Shareholder Meeting

Dow Jones

2023/08/16

By Will Feuer

Shares of Prime Number Acquisition I, a special-purpose acquisition company that agreed last year to merge with EV battery startup Noco-Noco, rose after the blank-check firm delayed its shareholder meeting by a day.

The stock climbed 17%, to $8.87, in afternoon trading.

The company said earlier Tuesday it would adjourn the special meeting of shareholders that was scheduled for Tuesday at 9:00 a.m. ET to Aug. 16 at 10:00 a.m. ET.

The meeting is being held to vote on approval of the SPAC's merger with Noco-Noco, a move that would pave the way for trading of the combined company to start.

Write to Will Feuer at Will.Feuer@wsj.com

(END) Dow Jones Newswires

August 15, 2023 15:03 ET (19:03 GMT)

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