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Rose Hill Acquisition Corporation (NASDAQ: ROSE) has postponed its extraordinary general meeting, initially set for January 5, 2023, to January 12, 2023. The meeting will address a proposal to extend the deadline for completing a business combination by six months, from January 18 to July 18, 2023. Additionally, the deadline for public shareholders to redeem their shares in connection with the extension has been extended to January 10, 2023. Rose Hill is a SPAC with a focus on partnering with a Latin American company, aiming to provide growth capital and a path to U.S. listing.
Rose Hill Acquisition Corporation (Nasdaq: ROSE) is set to merge with Chile's Prize, a leading superfruit producer, creating a company valued at approximately US$425 million. This business combination, targeting completion in Q1 2023, will enable Prize to go public on Nasdaq under ticker PRZE. The deal includes a $150 million Standby Equity Purchase Agreement, aimed at supporting future growth. Prize is the fifth largest global cherry exporter and plans to expand its presence, especially in the Chinese market during off-seasons, bolstering food security in a volatile global market.
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