AGBA Acquisition today said its sponsor deposited $594,466.50 into the SPAC’s trust so shareholders would grant a deadline extension from May 16 to Aug. 16. The amount represents an additional 15 cents per share. It is also the same amount the SPAC’s sponsor added to the trust in February for a deadline extension until May 16. The sponsor pumped $466,000 into AGBA’s trust last November for a deadline extension until Feb. 16.
There was no word on when shareholders might vote on an extension. The SPAC’s last 8-K filing was three months ago.
AGBA raised $40 million in a May 2019 IPO to focus on operating businesses in the healthcare, education, entertainment and financial services sectors that have their principal operations in China. Read more.
