First Light Acquisition Group filed a definitive proxy and scheduled a Sept. 9 meeting for shareholders to vote on a deadline extension proposal that would give the SPAc up until September 2023 to complete a deal.
While the SPAC said it is “currently in discussions regarding various business combination opportunities,” there won’t be enough time to reach an agreement, much less complete a deal, before the current Sept. 14 deadline.
First Light raised $230 million in an IPO last September with plans to target companies that provide technology-enabled solutions with high-growth, mission-critical applications in government and commercial markets.
First Light is led by CEO, President and Chairman William Weber, who most recently served as president, CEO and director of KeyW. The company is engaged in cyber operations and warfare, data analytics and geospatial intelligence solutions for U.S. government intelligence and defense customers, and commercial enterprises. Read more.
