EDOC Acquisition said its sponsor, American Physicians, has requested that the SPAC extend the acquisition deadline from Nov. 12 to Feb. 12. The extension is the first of up to two three-month extensions allowed by the SPAC’s governing documents. The sponsor will deposit $900,000 into the EDOC’s trust account as consideration for the extension.
EDOC intends to focus on businesses primarily operating in the healthcare sector in North America and Asia-Pacific. The SPAC raised $90 million in a November 2020 IPO. Read more.
