Churchill Capital VI called a May 11 meeting for shareholders to vote on a deadline extension that would give the SPAC until Feb. 17 2024 to complete a deal.

If the proposal is approved, the Churchill VI sponsor has agreed to deposit $500,000 into trust for each month required to close a business combination.

Churchill VI raised $480 million in a February 2021 ipo to pursue targets through its proprietary channels, focusing on companies with stable cash flow. The SPAC is led by CEO and Chairman michael klein, founder and managing partner of strategic advisory firm M. Klein and Company. Read more.

Source: Churchill Capital VI Promises 0K Per Month for 9-Month Extension