KnightSwan Acquisition in an 8-K said it had signed another non-redemption agreement, the latest one cover 4 million shares. The investors would receive 1,332,000 Class B ordinary shares in return.
The disclosure comes ahead of a shareholder meeting next week to vote on a proposal that would push the SPAC’s deadline to July 25, 2024.
Additionally, the SPAC said redemptions of 18,355,353 shares left approximately $49.2 million in trust. The SPAC raised $230 million in a January 2022 IPO to focus on businesses at the leading edge of technological innovation in three key sectors: cloud, cybersecurity, and mission intelligence.
KnightSwan last week disclosed a separate non-redemption agreement covering 400,000 shares. Read more.
