Crown proptech Acquisitions in an 8-K disclosed it has signed non-redemption agreements with unnamed investors who are now committed to holding their shares at the Feb. 7 stockholders meeting to consider a deadline extension. The filing does not say how many shares are committed under the non-redemption deal.
The agreements provide for the investors to receive up to 150,000 Class B ordinary shares held by the SPAC's sponsor.
If the extension is approved next week, Crown Proptech would have until February 2024 to seal a merger deal. Read more.
Source: Crown PropTech Signs Non-Redemption Agreement