Ceres Acquisition in a press release said it has identified potential merger targets and is in active discussions. The SPAc said it aims to announce a deal “in the near future.”
That may come as a relief to shareholders who are expected to vote tomorrow on the SPAC’s request for a third deadline extension.
Ceres in October terminated a deal with Parallel, a cannabis operator backed by record executive Scooter Braun.
The SPAC raised $120 million in a March 2020 IPO. Read more.
