Tuscan Holdings Acquisition II shareholders are scheduled to vote Dec. 21 on granting the SPAC a deadline extension for completing a deal. Tuscan II today in an 8-K filing disclosed that if the extension wins approval, the SPAC’s sponsor will loan 10 cents a share, up to $1.24 million, to the trust account.
The SPAc seeks a deadline extension from Dec. 31 until March 31. Read more.
