Goal Acquisitions Corp. (the "Company"), currently valued at $88.03 million with a stock price of $12.99, has amended its Investment Management Trust Agreement and its Amended and Restated Certificate of Incorporation, as voted on by stockholders on May 7, 2025. The amendments, filed on May 9, 2025, extend the deadline for the Company to complete a business combination from May 8, 2025, to February 8, 2026.
The Company’s stockholders approved both the Trust Agreement Amendment and the Charter Amendment during a special meeting. The amendments allow for an extended period for the Company to consummate an initial business combination, now set for the new termination date in February 2026.
In connection with the approval of the amendments, 105,054 Public Shares were redeemed for approximately $11.13 per share, totaling around $1.17 million. Following these redemptions, approximately $756,725.13 is expected to remain in the Trust Account with 67,963 Public Shares still outstanding. According to InvestingPro data, the company’s current ratio of 0.11 indicates significant liquidity constraints, with short-term obligations exceeding liquid assets.
The Charter Amendment was filed with the Secretary of State of the State of Delaware on the same day as the stockholder approval. This extension provides the Company with additional time to complete its initial business combination, which is a common practice among special purpose acquisition companies (SPACs) like Goal Acquisitions Corp. InvestingPro subscribers have access to 7 additional key insights about Goal Acquisitions Corp., including detailed financial health scores and valuation metrics that can help evaluate SPAC investments more effectively.
The information in this article is based on a press release statement.
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