Newborn Acquisition is asking shareholders to extend the SPAC’s deadline for a business combination with Nuuve from from Feb. 19 to May 19.
The purpose of the Feb. 10 vote is to allow Newborn insiders to waive their obligation to deposit $575,000 into the SPAC’s trust in order to receive an automatic deadline extension, as required in the SPAC’s current articles of association.
Nuvve is a global player in vehicle-to-grid (V2G) charging technology. Read more.
