Blackstone IPO In Doubt as They Decline $200k for Extension

While the IPO of griddle maker Blackstone Products through a SPAC merger seemed in doubt with their most recent extension, now it’s really trending down. In just 6 days (August 31st, 2022) we’ll know if it will be dead or live to see another day.

On December 23, 2021 Ackrell SPAC Partners entered into a definitive business combination agreement with Blackstone, with the expectation of closing in the second quarter of 2022. Since then we have seen the SPAC market dry up as many SPAC IPOs flopped and the SEC has increased oversight.