Better World Acquisition in a regulatory filing said shareholders voted in favor of granting the SPAC a six-month deadline extension until Feb. 17, 2023. This is Better World’s fourth extension.
The win was not without cost.
The SPAC in the filing said 2,818,237 shares were redeeemed for approximately $29.2 million, wiping out about 40% of the trust and leaving $43.7 million. The company also said it will deposit $360,000 into the trust for the extension.
Better World raised nearly $115 million in a November 2020 IPO. The SPAC as recently as April has said it is in discussions regarding various business combination opportunities. Read more.
