Tech-focused Acri Capital Acquisition said today’s shareholder meeting to consider a deadline extension has been postponed to Feb. 8. As a result, the redemption deadline was pushed to Feb. 6.
The SPAC announced earlier this month that it would raise its monthly deposit into trust from 3.33 cents a share to 6.25 cents if stockholders approve a termination extension that would give Acri up to nine more months to close a deal.
The clock starts running on the extension if Acri has not completed a merger by March 14.
The SPAC raised $86.25 million in an IPO last June. Acri is targeting technology-enabled sectors in North America, including the e-commerce, financial services, educational technology services, or health information service sectors. Read more.
