Crescent Acquisition disclosed today that its stockholders approved an extension of the date by which it has to complete an initial business combination from March 12 to June 30. Crescent requested the extension to complete the previously announced business combination with LiveVox Holdings, a contact center platform that powers more than 14 billion interactions a year.
Announced last month, the deal gives the combined companies a valuation of $840 million.
The LiveVox Transaction is expected to be completed in the second quarter of 2021, subject to Crescent stockholders approval. Read more.
