Capitalworks Emerging Markets Seeks 9 Extra Months to Complete Lexasure Deal

Capitalworks Emerging Markets Acquisition in a proxy filing today called a May 23 meeting at which shareholders are expected to vote on whether to extend the SPAC’s June deadline to March 2024.

Capitalworks in March announced a $250 million merger agreement with reinsurance and digital insurance provider Lexasure Financial Group.

Lexasure enables direct insurers to compete across emerging Asia through product solutions designed to empower insurers, companies, and individuals to manage risk more effectively and accelerate their growth. Read more.

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