Crown PropTech Acquisitions in a proxy filing seeks shareholder approval to extend its deal deadline again, this time from Feb. 11 to Aug. 12.
The SPAC secured a 12-month extension nearly a year ago.
Crown PropTech was dealt a setback in August 2022 when merger partner Brivo abandoned the deal, a move the SPAC at the time vowed to oppose and “vigorously pursue its remedies.” In July that year, Golub Capital terminated its $68 million PIPE in the Brivo deal because it was not completed by the deadline.
The SPAC closed a $276 million IPO almost three years ago with plans to concentrate on businesses that provide technological innovation to the broader real estate ecosystem. Read more.
