Megalith Financial Acquisition WT (MFAC.WS)

[SilverKnightLV]

So, after the redemptions in May, how are folks now feeling about this stock?

13,733,885 shares opted to redeem at the vote, or approximately 81.1% of public SPAC shares, resulting in roughly $144 million being removed from trust for an estimated current trust value of $33,167,514.53.

Is this enough capital to still do an acquisition, or will they need PIPE funds?

I'm not here to bash the stock (I own a bunch of warrants), just wondering.

If you were not aware, full PR: https://spacinsider.com/2020/05/27/extension-vote-results-megalith-financial-acquisition-corp/