Brilliant Acquisition in a proxy filing asks shareholders for three extra months to finalize its merger with Nukkleus, a blockchain payment company. Brilliant wants to move the deadline from Jan. 23, 2023 to no later than April 23, 2023.
If approved, this would be the SPAC’s seventh deadline extension. Redemptions reached about 18% of shares outstanding ahead of an extension vote back in July.
The merger agreement calls for Nukkleus to undertake a reverse stock split at a ratio of 1:25.146, or such other ratio that the parties may yet agree upon. Read more.
