CC Neuberger Principal Holdings III filed a proxy for a Feb. 1 meeting asking shareholders to support a merger extension deadline from Feb. 5 to May 5.

The SPAC is holding almost $409 million in trust as it searches for a target  with “compelling long-term growth, attractive competitive dynamics, consolidation opportunities and low risk of technological obsolescence.”

CCNeuberger III is led by CEO and Director Chinh E. Chu, founder and senior managing director at CC Capital. Read more.

Source: CC Neuberger III Files Proxy for Merger Extension