Big Rock Partners filed a preliminary proxy today with the SEC, asking shareholders to vote for a deadline extension to give the SPAC more time to close a deal.
A precise date for the shareholder vote was not set in the filing, nor was the exact date of the proposed deadline extension. The current deadline for the SPAC to close a merger is April 23, which was the deadline extension Big Rock management had asked shareholders to approve in December around the time the SPAC announced a proposed $500 million business combination with NeuroRx.
Big Rock since then has also faced a potential Nasdaq delisting and an investigation of the NeuroRx deal by a New York law firm. Read more.
