Aurora Technology Acquisition filed a proxy today in which it proposes pushing the merger deadline back from February to Aug. 9. A shareholder meeting has not yet been scheduled.
In return for a favorable shareholder vote, the SPAC said it would arrange for the deposit of the lesser of $135,000 or 4.5 cents a share into trust for each month required under the extension.
Aurora and DIH Technology, a global robotics and virtual reality technology provider in the rehabilitation and human performance industry, announced last month they had signed a non-binding Letter of Intent for a potential merger. At that time, the SPAC said a defnitive agreement was expected to be signed by the end of January. Read more.
Source: Aurora Technology Acquisition Wants Extra 6 Months to Close a Deal