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Rhea-AI Summary
Beard Energy Transition Acquisition Corp. (NYSE: BRD, BRD.U, BRD.WS) has cancelled its special meeting of stockholders that was set for February 1, 2023. This decision also withdraws the proposals listed in the Definitive Proxy Statement filed on January 11, 2023. Consequently, BRD will not redeem any shares of Class A common stock previously elected for redemption, and these shares will be returned to stockholders. The company is committed to identifying a target for its initial business combination before the May 29, 2023 deadline, extendable to August 29, 2023.
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