Brilliant Acquisition in a proxy filing today wants shareholders to approve another deadline extension, this one from July 23 to Dec. 23. This would give the SPAC additional time to close its deal with Nukkleus, a crypto exchange company. The merger agreement was announced in February 2022.
If approved, this would be the SPAC's ninth deadline extension.
New Jersey-based Nukkleus offers software to process exchanges of crypto and foreign currencies as well as contracts for differences (CFDs).
The nasdaq warned the SPAC last week that it faces delisting. The SPAC has not met the Nasdaq's requirement that blank-check companies must complete a business combination within 36 months of the effectiveness of an IPO registration statement. Read more.