INFINT Acquisition Pursues Another Extension on Seamless Deal

INFINT Acquisition saids it will ask shareholders for another deadline extension that if approved would give the SPAC until Aug. 23 to close its deal with Seamless, a global fintech platform. The Seamless banking platform operates in more than 150 countries.

If the extension is approved, the SPAC agrees to deposit the lesser of $290,000 or 6 cents a share into trust for each month required until the deal closes.

At deal announcement in August, assuming no redemptions by INFINT shareholders, Seamless was expected to have up to $189 million of cash on its balance sheet following the transaction. Read more.


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