Pivotal Investment III in a proxy filing wants shareholder approval to extend the termination deadline from August until February 2024, which would be the three-year anniversary of its IPO.
The SPAC said it won’t have enough time to close a deal by the current Aug. 11 deadline.
The SPAC raised $200 million in a February 2021 IPO with stated plans to focus on industries ripe for disruption from continuously evolving digital technology and the resulting shift in distribution patterns and consumer purchase behavior. Read more.
