Tiga Acquisition approved an extension of its merger deadline to May 27, 2022.
In connection with the extension, the company also approved the sale to Tiga Sponsor an additional 2.76 million private placement warrants at $1 per warrant. The proceeds will be deposited into the company’s trust account. Each warrant is redeemable for a share at $11.50.
This is the SPAC’s second six-month deadline extension.
The Singapore-based SPAC raised $276 million in a November 2020 IPO. Tiga has not announced target sectors, although management has experience in the infrastructure, telecom/media, technology, financial services, manufacturing, real estate, resources and energy sectors. Read more.
