Jensyn Acquisition Corp.'s shareholders extended until Sept. 3 the date by which the company must complete its initial business combination.
In connection with the extension, shareholders holding an aggregate of 1,244,227 common shares exercised their right to convert the shares into cash.
Jensyn is a blank-check company intending to enter a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more business entities.
