Malaysia-based Evergreen today filed a proxy seeking a deadline extension of up to a year, from the current Aug. 11 termination date to Aug. 11, 2024. A shareholder meeting to vote on the proposal is set for July 18.
Evergreen last month cancelled a shareholder vote on a proposed deadline extension that would have given the SPAC until May 2024 to complete a deal. Instead, Evergreen deposited $1.15 million for an additional three month extension to the current deadline coming up in August.
Evergreen is broadly focused on the technology sector in the ASEAN region, though it has yet to announce a deal. The SPAC raised $100 million in a February 2022 IPO. Read more.
