SK Growth in a proxy filing wants shareholder approval to move its deadline from Dec. 28 to Sept. 30, 2024. The SPAC's board is empowered to approve two extensions of three months each up to 24 months post-ipo — which would be June 2024 — provided the sponsor deposits $2,096,000 into trust for each three-month extension. However, in the porxy the SPAC notes the board still believes a September 2024 deadline is necessary.
The SPAC raised nearly $210 million in its IPO to focus on ESG companies, especially those within the SK network. Read more.
Source: SK Growth Seeks 9 More Months to Find & Close a Deal