Investors voted to approve the merger of ride-hailing provider Grab Holdings Inc. and Altimeter Growth Corp., completing one of the largest special purpose acquisition company deals ever after a year of tumult for SPACs and the transaction itself.
The proposal passed at a special shareholder meeting Tuesday, setting the stage for Grab to become a publicly traded company, according to a statement. Shareholder redemptions, or investors opting out of the deal, were effectively 0%, at 0.02%. The combined entity will start trading on the Nasdaq on Dec. 2 under the ticker GRAB.
