INFINT Acquisition in a preliminary proxy file today asks its investors to approve a deadline extension from Nov. 23 to March 23, 2023.
The SPAC said it needs more time to finalize its merger deal with Seamless, a global fintech platform.
Assuming no redemptions by INFINT shareholders, the combined company would have up to $189 million of cash on its balance sheet following the transaction.
Shareholders who want to get out before the merger vote can expect a per-share redemption price of $10.15, according to the proxy filing.
The Seamless banking platform operates in more than 150 countries. Read more.
