Greencity Acquisition today filed a proxy with plans to call an April meeting for shreaholders to vote on antoher deadline extension. This would be the 10th.
Greencity shareholders in October gave the SPAC a green light for another extension on its deadline, which now expires April 28. The sponsor has already poured more than $1 million into Greencity’s trust for previous extensions.
The latest proposal, if approved, would give the SPAC up to six monthly extensions to Oct. 28. In return, the SPAC would deposit 3.3 cents a share into trust for each month.
The Shanghai-based SPAC is focused on businesses that have a connection to the Asian market. Read more.
