Corner Growth Acquisition 2 said its sponsor will deposit 3.3 cents a share into the SPAC’s trust on a monthly basis up to eight times in order to extend the merger deadline from June 21 until Oct. 21.
If an extension beyond October is required, investors may opt to redeem their shares at that time, the SPAC said.
The SPAC raised $175 million in an IPO a year ago this month. Corner Growth 2 is focused on the technology industry in the United States and other developed countries. Read more.
