Cetus Capital Acquisition in an 8-K said it entered into a business combination agreement with MKD Technology for $230 million.
Based in Austin, TX, MKD Technologies provides software engineering solutions through products and professional services.
The deal may be terminated by either party if it does not close by Nov. 1, according to the filing.
Cetus raised $50 million in a February ipo. The SPAC in regulatory filings has said it is not focused on any particular sector or industry, but would exclude any business operating in China, including hong kong and Macau. Read more.