APx Acquisition I in a proxy filing plans to ask shareholders for a merger deadline extension in two three-month installments.
If the measure is approved, the SPAC agrees to deposit into trust the lesser of $375,000 or 12.5 cents a share for each three-month extension.
The SPAC raised $150 million in a December 2021 IPO with plans to pursue a business combination with a technology-enabled Latin American company. Read more.
Source: APx Acquisition I Seeks up to 6-Month Extension to Make a Deal