Evergreen announced that today’s shareholder meeting to vote on a deadline extension has been adjourned until tomorrow at 11 a.m. Eastern. The SPAC wants to move its deal deadline back to May 24, 2024 in monthly increments.
If the extension wins approval, the SPAC’s sponsor has agreed to deposit the lesser of $160,000 or 5.5 cents a share into trust for each month required.
Evergreen is broadly focused on the technology sector in the ASEAN region. The SPAC raised $100 million in a February 2022 IPO. Read more.
