Clean Energy Special Situations in an 8-K said shareholders approved moving the SPAC’s termination deadline up to Dec. 28 in monthly increments. No word on redemptions, if any.
The SPAC also disclosed that it received a delisting notice from the Nasdaq for failure to file a 10-Q on time for the period ending March 31. Last month the exchange put the SPAC on notice for failing to file its annual report for the year ended Dec. 31 and for owing certain fees to the Nasdaq.
The SPAC said it is working to resolve the issues affecting its stock listing.
Formerly known as Springwater Special Situations, the SPAC in February 2023 lost more than 88% of its trust (nearly $156 million) to redemptions on an earlier extension vote. Another round of redenmptions last August removed nearly $3.4 million more from the trust.
Springwater raised $150 million in an August 2021 IPO. Read more.
