Evergreen today announced that cancelled a shareholder vote on a proposed deadline extension that would have given the SPAC until May 2024 to complete a deal. Instead, Evergreen will deposit $1.15 million for for an additional three month extension to Aug. 11. Shares tendered for redemption in connection with the now-cancelled meeting “will be returned to shareholders as soon as practicable,” the SPAC said.
Evergreen is broadly focused on the technology sector in the ASEAN region. The SPAC raised $100 million in a February 2022 IPO. Read more.