Enphys Acquisition in an 8-K said shareholders voted in favor of giving the SPAC until Dec. 8 to complete a deal.
Enphys said 2,729,098 shares were redeemed at approximately $10.95 per share, removing $29,878,341.57 from the trust acount. The SPAC now holds $38,632,359.37 in trust, according to the filing.
The sponsor deposited $50,000 into trust to cover the first month of hte extension.
Enphys originally raised $345 million in an October 2021 IPO with plans to target businesses predominantly operating in Ibero-America and whose strategy is aligned with energy transition and sustainability themes, renewable energy in particular.
The SPAC announced last August it had signed a letter of intent for a deal with a Latin American biofuels company, but there has been no further news. Read more.
