Ceres Acquisition in a news release said it will ask shareholders to vote June 22 for a merger deadline extension, which would be the SPAC’s third.
Ceres wants to push the deadline from June 30 until Dec. 16. The SPAC lost about $107 million from its trrust account from redemptions ahead of the second extension in March.
A deal with cannabis operator Parallel was terminated last fall.
In February, Ceres signed a non-binding LOI with Canadian rocket startup Maritime Launch Services, although there has been no follow-up announcement on that possible combination. In the SPAC’s latest press release, Ceres said it continues to explore potential targets for a qualifying transaction. Read more.
