Orisun announced today that Ucommune Group Holdings has deposited $444,002 into the SPAC’s trust account to extend the deadline for a business combination from Nov. 6 to Feb. 6, 2021. The SPAC issued an unsecured promissory note in that amount to Ucommune. Orisun has not named any specific target sectors it may be considering. Read more. In the SPAC’s latest 8-K filing it outlines the backstop agreements in place with certain investors.
Related Posts
Pegasus Digital Mobility Acquisition Extends Deadline as Redemptions Take a Big Bite
Pegasus' sponsor will deposit $719,907.30 into trust for the latest extension by April 26, representing 10 cents a share.
Edison Holdco Confidentially Submits Draft Registration Statement for Proposed $969M Merger of EVBox Group with TPG Pace
The business combination values EVBox at an implied $969 million enterprise value, and a total pro-forma equity value of approximately $1.4 billion.
Murphy Canyon Postpones Conduit Vote
San Diego-based Conduit expects to use proceeds from the deal to accelerate development of its autoimmune disease and idiopathic male infertility pipeline.
Volta Industries and Tortoise II Merging in $1.4B Deal
Anticipated net proceeds of approximately $600 million will be used to accelerate Volta's buildout of its charging network already in the pipeline.