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Stock impact report

Gordon Pointe Acquisition Corp. (Nasdaq: GPAQ) Announces Results of Stockholder Meeting - Extension of Period to Complete a Business Combination Approved

GORDON POINTE ACQUISITION CORP CL A COMMON STOCK (GPAQ) 
Company Research Source: PR Newswire
PITTSBURGH, July 29, 2019 /PRNewswire/ -- Gordon Pointe Acquisition Corp. (Nasdaq: GPAQ) (the "Company") announced today the Company's stockholders voted on July 26, 2019 at its special meeting of stockholders to approve an amendment to the Company's amended and restated certificate of incorporation and an amendment to the Company's Investment Management Trust Agreement governing the trust account established to hold the proceeds of the Company's initial public offering (the "IPO") to extend the time in which the Company may complete an initial business combination from July 30, 2019 until October 31, 2019, subject to three additional extension periods of 30 days each (collectively, the "Extension Amendments").Approximately $114.3 million will remain in the trust account and approximately 11,053,539 of the Company's common stock issued in the IPO (the "public shares"), representing approximately 88% of the public shares, will remain issued and outstanding following the redemption of c Show less Read more
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