Capitalworks Emerging Markets Wants to Put Another Year on the Clock

Capitalworks Emerging Markets Acquisition in a proxy filing called a Feb. 26 meeting for shareholders to vote on an extension proposal that would give the SPAC up to March 2025 to complete a deal.

Capitalworks has a merger agreement with reinsurance and digital provider Lexasure Financial Group, announced last March at a pre-money equity value of $250 million.

The SPAC held approximately $46.77 million in trust as of Jan. 24, according to the proxy. Capitalworks had raised $230 million in a December 2021 IPO. Read more.


Source: Capitalworks Emerging Markets Wants to Put Another Year on the Clock