10X Capital Venture Acquisition II in a preliminary proxy makes its case for a deadline extension from November until Aug. 13, 2023.
10X last month terminated a merger agreement with blockchain tech company PrimeBlock. The deal had an estimated enterprise value of $1.25 billion.
10X in the filing said management is in discussions about other potential merger opportunities, but won’t be able to close a deal by the current deadline in two months.
The SPAC raised $200 million in an August 2021 IPO with plans to focus on identifying high growth technology and tech-enabled businesses domestically and abroad in the consumer internet, ecommerce, software, healthcare, transportation/mobility and financial services industries. Read more.
