Better World Acquisition’s sponsor, BWA Holdings, has asked the SPAC to extend its merger deadline to May 17 from today, Feb. 17. This marks the second of two three-month extensions permitted under the company’s governing documents. In return, the sponsor intends to deposit approximately $1.26 million, or 10 cents a share, into Better World’s trust account.
Last month, news reports noted Better World was believed to be engaged in merger talks with Averda, a Dubai-based provider of waste-disposal services. There has been no additional news on that front in the six weeks since it was first reported. Read more.
