Arisz Acquisition Corp. (ARIZ) has released an update.
During the Annual Meeting of Stockholders on February 5, 2024, shareholders of the Company redeemed 777,050 shares, withdrawing approximately $8.66 million from the trust account. This leaves the Company with 2,377,315 shares outstanding and about $26.5 million in the trust. To support an extension, Arisz Investments LLC will contribute $120,000 to their trust account by February 22, 2024. Additionally, Arisz has waived a $450,000 obligation from Finfront Holding Company, settling for $210,000 to be used for an extension and working capital.
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For a comprehensive understanding of the announcement, you can read the full document here.
