Cetus Capital Acquisition in a proxy filing seeks shareholder approval to push its February 2024 deadline back to Aug. 3 in monthly increments.
In return for the extra time. the SPAC would sweeten the trrust by an as-yet unspecified amount.
The SPAC in June announced a merger agreement with MKD Technology for $230 million.
Based in Austin, TX, MKD Technologies provides software engineering solutions through products and professional services.
The deal could have been terminated by either party if it did not close by Nov. 1, although the merger agreement is still in play, according to the new proxy filing.
Cetus raised $50 million in a February IPO. Read more.
