CF Acquisition VII said tomorrow's shareholder meeting to vote on a deadline extension has been moved to June 16.
The SPAC wants to extend its completion date from June 20 March 20, 2024.
As a result of the postponement, the redemption deadline has been moved to June 14 at 5 p.m.
If the extension is approved, the SPAC's sponsor has agreed to deposits 3 cents per share into trust for each month required until the new deadline.
Cantor Fitzgerald's seventh SPAC raised $175 million in a December 2021 ipo to pursue acquisition opportunities in the financial services, healthcare, real estate services, technology, and software industries. Read more.
Source: CF Acquisition VII Pushes Extension Vote Back to June 16