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Orisun Receives Loan to Trust Account to Extend Merger Deadline

November 5, 2020
1 minute read
Ucommune | Orisun
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Orisun announced today that Ucommune Group Holdings has deposited $444,002 into the SPAC’s trust account to extend the deadline for a business combination from Nov. 6 to Feb. 6, 2021. The SPAC issued an unsecured promissory note in that amount to Ucommune. Orisun has not named any specific target sectors it may be considering. Read more. In the SPAC’s latest 8-K filing it outlines the backstop agreements in place with certain investors.

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