SCVX, which was delisted in March from the NYSE and is now on the OTC Markets, filed a preliminary proxy calling on shareholders to consider a deadline extension from July 28 to April 28, 2023.
The SPAC said in the filing that it is in advanced negotiations with a potential acquisition target.
After the NYSE delisting two months ago, SCVX termined a letter of intent with an unnamed target. Last December, the SPAC terminated a deal with Bright Machines, citing market conditions and “the low likelihood” of closing the deal by the requisite date. Read more.
