Cascadia Acquisition in a proxy filing seeks shareholder approval to push its termination deadline back to Aug. 31. The only other business planned for the shareholders meeting is a vote on whether to expand the methods that Cascadia may employ to not become subject to the “penny stock” rules of the sec.
The SPAC said it is currently evaluating business combination opportunities
Cascadia raised $150 million in an August 2021 IPO. The tech-focused SPAC is targeting companies engaged in robotics, automation and artificial intelligence (RAAI). Read more.
Source: Cascadia Acquisition Wants Extension Until End of August