EDOC Acquisition in a preliminary proxy filing indicated it plans to call a meeting for shareholders to vote on extending its merger deadline from Feb. 12 to Aug. 12.
The sponsor, American Physicians, in November deposited $900,000 into EDOC’s trust account as consideration for the first extension. The sponsor may choose, but is not obligated, to deposit another $900,000 by Feb. 12 for an additional 3-month extension. However, if no deposit is made by the February deadline, EDOC said it would dissolve and liquidate.
EDOC raised $90 million in a November 2020 IPO with plans to focus on businesses primarily operating in the healthcare sector in North America and Asia-Pacific. Read more.
