Brilliant Acquisition said it has extended the deadline for completing a business combination to Sept. 25 from the current deadline of June 25 because the company’s sponsor, Nisun Investment Holding is depositing $460,000 in the SPAC’s trust, representing 10 cents per unit as additional interest on the proceeds in the account. The company said its stockholders are not entitled to vote on or redeem their shares in connection with the such extension.
The SPAC in its March 2020 S-1 filing said it would focus on companies in the Asia-Pacific region. Brilliant Acquisition raised $40 million in a June 2020 IPO. Read more.
