Atlantic Avenue Acquisition in a proxy filing seeks a deadline extension from Oct. 6 up to April 6, 2023, which would become the new liquidation date if the SPAC fails to close a deal.
The SPAC was reportedly in merger talks with prison phone operator Securus Technologies a year ago, but nothing materialized.
Atlantic Avenue Acquisition was formed by MC Credit Partners targeting the business and consumer-related sectors. The company raised $250 million in an October 2020 IPO of 25 million units at $10 each.
The company, formerly named Atlantic Street Acquisition, is led by CEO and Chairman Ashok Nayyar, co-founder, managing director, and CIO of MC Credit Partners. Read more.
