Global Blockchain Acquisition in a proxy filing seeks shareholder approval to push its completion deadline from May 12 to Nov. 12.
In return, the SPAC would sweeten the trrust account with the lesser of $25,000 or 5 cents a share per month.
The SPAC last August announced a merger with Cardea Capital, a global wealth management firm, at an implied pro-forma enterprise valuation of approximately $175 million.
Global Blockchain raised $150 million in a May 2022 IPO. Read more.
