AGBA Acquisition Limited said its sponsor has deposited $504,430.65 (approximately 15 cents per share) into the SPAC’s trust. The promised funds follow shareholder approval last week of a business combination deadline extension from May 16 to Aug. 16.
This is the SPAC’s 7th deadline extension.
AGBA has a merger agreement with TAG Holdings Limited, which is engaged in B2B and fintech through its subsidiaries. The transaction is an all-stock deal with an enterprise value of $555 million. Read more.
