Greencity Acquisition in an SEC filing said it will ask shareholders next month to approve another deadline extension, this time to Oct. 28.
The SPAC’s sponsor, Cynthia Management, said last July that it would seek to extend the deadline up to eight times until April 28 for the SPAC to complete a merger, by depositing an aggregate of approximately $1.1 million into the trust account, representing an additional $0.267 per public share.
The Shanghai-based SPAC intends to focus on businesses that have a connection to the Asian market. Read more.
