PowerUp Acquisition in a proxy called a May 18 meeting when shareholders are expected to consider a proposal that would move the SPAC's termination date back to May 2024.
PowerUp raised $287.5 million in its February 2022 ipo with plans to acquire a business within the interactive media, digital media, sports, entertainment, and/or leisure sectors.
Executive Chairman Bruce Hack was director and later chairman of Technicolor SA from 2010 to 2019. Prior, he was a principal in the creation of Activision Blizzard. Read more.
Source: PowerUp Acquisition Wants Another Year to Find and Close a Deal