InterPrivate III Financial Partners in an 8-K said it and merger partner Aspiration have moved the outside date for their deal from June 2, 2023 to August 31.
At announcement in August 2021, the transaction was expected to value the combined company at $2.3 billion.
If approved, upon closing Aspiration is expected to list on the NYSE under ASP.
Terms call for Aspiration's shareholders to receive at least 175 million shares of InterPrivate III common stock, as well as up to an additional 100 million shares based on the performance in the share price over a 5-year period. A $200 million pipe
Source: InterPrivate III Moves Back Deadline on Aspiration Deal by Nearly 3 Months