Swiftmerge Acquisition in an 8-K said it entered into voting and non-redemption agreements with one or more unaffiliated third parties who’ve agreed to hold onto an unspecified number of shares. The SPAC said it would file a registration statement regarding the share payout to the parties within 30 days of closing a merger.
The SPAC wants to push its termination date from from June 17 to March 15, 2024.
Swiftmerge raised $200 million in a December 2021 IPO “to pursue opportunities targeting disruptive consumer companies utilizing technology and the internet to evolve the way that consumers interact with the market.”
The company is sponsored by Swiftmerge Holdings, an affiliate of IVEST Consumer Partners. Swiftmerge intends to pursue opportunities targeting disruptive consumer companies utilizing technology and the internet to evolve the way that consumers interact with the market. Read more.
