Bitcoin mining company GRIID's merger and public listing plan with SPAC company Adit EdTech has been postponed again

2023-01-18 21:43:18

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ChainCatcher news, the merger plan between Bitcoin mining company GRIID and SPAC company Adit EdTech has been postponed again from January 14 to February 14. This is the third delay of GRIID's plan to go public via SPAC, which has been postponed from May 2022 to the present.

ChainCatcher previously reported that on December 1, 2021, special purpose acquisition company (SPAC) Adit EdTech Acquisition Corp announced it would merge with Bitcoin mining company Griid, with an enterprise valuation of $3.3 billion. SPACs are blank check companies formed to acquire other companies. After the transaction is completed, Griid will be listed on the New York Stock Exchange under the ticker symbol GRDI. The deal is expected to be completed in the first quarter of next year. (Source link)

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