GigCapital2 in a preliminary proxy said it will ask shareholders to approve a three-month deadline extension for the SPAC to complete a merger. If approved, the move would give GigCapital 2 until June 10 to close a deal. The current deadline expiurees March 10. A shareholder meeting date was not cited in the preliminary proxy; just a placeholder for the vote date.
Last month the SPAC’s merger partner Cloudbreak Health, a telehealth and video remote interpretation solutions provider, announced that GigCapital2 had raised $285 million from institutional investors for its business combinations with UpHealth Holdings and Cloudbreak. Read more.
