Everest Consolidator Acquisition deposited $150,000 into trust to secure another month of operations, according to an 8-K filing. The new deadline is June 28.
This is the fourth of six monthly extensions available to the SPAC.
Everest Consolidator a year ago announced a merger agreement with Unifund Financial Technologies, which specializes in the acquisition and servicing of consumer debt receivables and offers consumer data analytics and tailored recovery solutions for major banks, financial institutions and other creditors across the United States.
The deal has an enterprise value of $238 million and a $40 million minimum cash condition to close. Read more.
