SK Growth Opportunities said in a regulatory filing that its Dec. 22 shareholder meeting to vote on a deadline extension has been postponed to Dec. 27 at noon Eastern “Time “to allow additional time for SK Growth to engage with its shareholders.”
The SPAC wants until September 2024 to complete a deal.
The SPAC’s board is empowered to approve two extensions of three months each up to 24 months post-IPO — which would be June 2024 — provided the sponsor deposits $2,096,000 into trust for each three-month extension. However, in a proxy filing, the SPAC notes the board still believes a September 2024 deadline is necessary.
SK Growth raised nearly $210 million in its IPO to focus on ESG companies, especially those within the SK network. Read more.
