Kingswood Trims IPO Offer Again, Down to $100M

The SPAC is seeking a deadline extension to June 17, 2024. Last week it announced an NRA covering 750,000 shares.

The SPAC's shareholders earlier this week approved a nine-month extension to close a merger with Roadzen, an AI tech company.

Financing details have been scarce on this deal. East Stone raised $100 million in a February 2020 IPO, although the SPAC’s current market capitalization is about $72.83 million according to the most recent Nasdaq data.