APx Acquisition I announced that its shareholders yesterday approved two three-month extensions, the first of which the SPAc immediately deployed.
In return, the SPAC will deposit the lesser of $750,000 or 12.5 cents a share for each three-month extension.
Redemptions erased approximately $111.35 million from the APx trust, leaving about $68.3 million.
The SPAC raised $150 million in a December 2021 IPO with plans to pursue a business combination with a technology-enabled Latin American company. Read more.
