On October 27, 2022 Ignyte Acquisition Corp. ("Ignyte") (NASDAQ: IGNY), a publicly traded special purpose acquisition company, reported that Ignyte’s stockholders have approved its proposed business combination (the "Business Combination") with Peak Bio Co., Ltd. ("Peak Bio") at a Special Meeting of its stockholders held on October 25, 2022 (the "Special Meeting") (Press release, Ignyte Acquisition, OCT 27, 2022, View Source [SID1234622521]). The Special Meeting to be held on October 31, 2022 has been canceled.

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Approximately 75% of the votes cast at the Special Meeting, representing approximately 75% of Ignyte’s outstanding shares of common stock entitled to vote at the Special Meeting, were cast in favor of the proposal to approve the Business Combination with Peak Bio. The formal results of the Special Meeting will be included in a Current Report on Form 8-K to be filed by Ignyte with the Securities and Exchange Commission (the "SEC").