Jaws Mustang Acquisition in a preliminary proxy filing said it seeks to move its termination deadline back from February to November 2023.
The proxy does not state whether the SPAC’s trust would be sweetened in exchange for an extension approval.
Jaws Mustang raised $900 million in a February 2021 IPO with plans to focus on businesses in North America and Europe “that have a clear path to organic and inorganic growth, formidable barriers to entry, exceptional management, and strong underlying demand drivers.”
The SPAC is led by Barry Sternlicht, founder of Starwood Capital, a private alternative investment firm focused on global real estate, hotel management, oil and gas and energy infrastructure. Read more.
