Shareholders approve Bird-SPAC merger, stock promptly falls
TechCrunch LA
NOVEMBER 2, 2021
Shares of Switchback II Corporation are off more than 14% in morning trading today, appearing to sell off sharply in the wake of news that the blank-check company’s merger with scooter company Bird has been approved by shareholders. Shares of the SPAC were off as far as 20% before recovering. dot.LA first spotted the vote news ; Bird is based in the Los Angeles metropolitan agglomeration.
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