AlphaTime Acquisition said it adjourned a shareholders meeting until Dec. 26 to solicit more votes in support of an extension proposal.
The SPAC seeks up to ten extensions from Jan. 4 to Jan. 4, 2025, with the first extension comprised of three months. The remaining nine extensions would each cover one month. If approved, Alpahtime’s sponsor would deposit $55,000 into trust for each month required.
The SPAC raised $69 million in a January IPO to focus broadly on companies in Asia. The management team has an extensive network in China. Read more.
