Brilliant Acquisition in a proxy filing asks shareholders for another three months to finalize its merger with Nukkleus, a blockchain payment company. Brilliant wants to move the deadline from April 23 to no later than July 23.
If approved, this would be the SPAC’s eighth deadline extension. The sponsor has agreed to deposit $97,500 if shareholders vote in favor of the measure.
The merger agreement calls for Nukkleus to undertake a reverse stock split at a ratio of 1:25.146, or such other ratio that the parties may yet agree upon. Read more.
