Longevity Acquisition said if shareholders approve the SPAC’s proposed deadline extension to complete a deal, from Nov. 30 to May 29, the SPAC will contribute 5 cents a month toward every share that is not redeemed. The increased contribution replaces the previously announced cash contribution of $0.025 per month for each remaining share. Read more.
Related Posts
Disruptive Acquisition I Restates Accounting for Warrants
The SPAC raised $250 million in a March IPO to target businesses primarily in the health and wellness, entertainment and consumer-facing technology sectors.
SEC Says Never Invest in a SPAC Based Solely on a Celebrity’s Involvement: Report
“Celebrity involvement in a SPAC does not mean that the investment in a particular SPAC or SPACs generally is appropriate for all investors,” the SEC said in an investor alert posted on its website.
TB SA Acquisition Registers $250M IPO
The SPAC will target African companies that promote environmental, social and governance, or ESG, principles.
RMG II Increases IPO to $300M
The raise is $50 million more than RMG II anticipated last week.