Financial Strategies Acquisition (FSA) announced that its board has approved a merger extension of one month from Jan. 14 to Feb. 14.
In return, Temmelig Investor, which is an affiliate of the SPAC's co-sponsors, has deposited $50,000 (8.1 cents a share) into the trust account.
The SPAC last month disclosed that 9,607,982 shares had been redeemed for approximately $10.14 per share, or $97.4 million. FSA raised $100 million in a December 2021 ipo to target fintech companies with an equity value of approximately $300 million to $500 million. Read more.