PepperLime Health Acquisition in a proxy seeks to move its termination deadline from Oct. 19, which is two years after the SPAC’s IPO, until April 19,2024.
If approved, the SPAC’s sponsor agrees to deposit 6 cents a share per month into trust for the initial three month extension, then 2 cents a share for each month thereafter until the deadline.
The SPAC raised $150 million in an October 2021 IPO with plans to target companies at the intersection of technology and consumer health and wellness. Read more.
