Crown PropTech Seeking 6-Month Extension to Find a Deal

Crown Acquisitions in a proxy filing seeks shareholder approval to extend its deal deadline again, this time from Feb. 11 to Aug. 12.

The SPAC secured a 12-month extension nearly a year ago.

Crown PropTech was dealt a setback in August 2022 when merger partner Brivo abandoned the deal, a move the SPAC at the time vowed to oppose and “vigorously pursue its remedies.” In July that year, Golub Capital terminated its $68 million in the Brivo deal because it was not completed by the deadline.

The SPAC closed a $276 million almost three years ago with plans to concentrate on businesses that provide technological innovation to the broader real estate ecosystem. Read more.


Source: Crown PropTech Seeking 6-Month Extension to Find a Deal