Twelve Seas Investment Company II in a proxy filing wants shareholders to approve a termination extension from Dec. 2 to June 2, 2024. In return, the sponsor will deposit an unspecified amount into trust for each month of the extension.
The last extension was approved in February, when the sponsor converted all of its Class B stock into Class A shares.
Twelve Seas raised $300 million in a February 2021 IPO to focus on companies located outside the United States, primarily in the Pan-Eurasian region, including Western Europe, Eastern Europe and the Middle East.
The proxy does not state the amount remaining in the trust. The SPAC has yet to announce a deal. Read more.
