Churchill Capital VI Promises $500K Per Month for 9-Month Extension

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 to pursue targets through its proprietary channels, focusing on companies with stable cash flow. The SPAC is led by CEO and Chairman , 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