Churchill Capital VII in a proxy filing today made its case for a deadline extension that would give the SPaC until next February to complete a deal. No other business is scheduled for the meeting., which would be held at some point before the SPAC's current May 17 deadline.
The SPAC in a regulatory filing last month said it had been in discussions with its LOI partner “over an extended period of time.” The prospective target has yet to be named.
Churchill Capital VII raised $1.2 billion in a February 2021 ipo. 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 VII Files Proxy Seeking Extension to February 2024