Kingswood Acquisition on May 18 will ask shareholders to approve a merger deadline extension, according to a regulatory filing. The SPAC wants to push the May 24 deadline back to Nov. 24.
Kingswood initially said it would target the financial services sector for an acquisition, but in subsequent SEC filings has since said it will focus on a company “in any stage of its corporate evolution or in any industry or sector.” The SPAC raised $115 million in a November 2020 IPO as well as a $6.5 million PIPE.
Aside from briefly running afoul of NYSE listing rules last May regarding a tardy 10-Q filing, the SPAC has been relatively quiet. Read more.
