East Stone Acquisition said that its sponsor, Double Venture Holdings, has requested that East Stone extend the deadline date for completing its mwrger with JHD Holdings. The new deadline is now Nov. 24, extended from the deadline that was to expire tomorrow. This is the second of up to three deadline extensions that SPAC may take. The first was in May.
The sponsor will deposit $1.38 million — the same amnount it added in May — into East Stone’s trust account by tomorrow.
JHD Holdings is a merchant enablement platform serving lower-tier cities in China. Read more.
