HHG Capital in a preliminary proxy tentatively set a meeting next month for shareholders to vote on the SPAC’s proposed deadline extension — up to 12 monthly extensions until September 2023.
The SPAC raised $50 million in an IPO almsot a year ago.
The SPAC has not publicly identified specific sectors it may target for an acquisition, but has excluded targets in China. HHG is based in Singapore. Read more.
Units begin trading today on the Nasdaq under HHGCU.
The offering is expected to close Sept. 23. Once the securities begin separate trading, shares, warrants and rights are expected to list under HHGC, “HHGCW and HHGCR, respectively.
EF Hutton and Brookline Capital Markets are joint book-running managers for the IPO. The underwriters have an option to purchase up to 750,000 additional units at the IPO price to cover over-allotments, if any.
The SPAC has not publicly identified specific sectors it may target for an acquisition, but has excluded targets in China. HHG is based in Singapore.
