Brilliant Acquisition’s Sponsor Pumps $460K into SPAC for Deadline Extension


Brilliant Acquisition said that its sponsor, Nisun Investment Holding, has deposited $460,000 in the SPAC’s trust account to extend its business combination deadline until Sept. 25.

The amount represents 10 cents per unit as additional interest on the proceeds in the account. The company said in an earlier statement that its stockholders would not be entitled to vote on or redeem their shares in connection with the 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.

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