InterPrivate III Financial Partners announced today that its board has decided to extend the merger deadline for an additional month, to May 9. This is the second of three potential one-month extensions available to the company.
The SPAC said $120,100.56 was deposited into trust in conseration for the extension.
InterPrivate III has a merger agreement with Aspiration, an environment-focused fintech. The deal values the combined company at $2.3 billion.
Aspiration would be the first esg-focused financial services institution to be publicly listed, having pioneered the category of sustainability-driven consumer spending and saving products, according to a press release at deal announcement in August 2021. Aspiration offers sustainable banking services, credit cards, and investment products. Read more.