Twelves Seas II in a proxy filing disclosed an extension proposal that, if approved by shareholders, would give the SPAC more runway on closing a deal. The current deadline of March 2 would be pushed back to Dec. 2.
The SPAC raised $300 million in an ipo two years ago with plans to focus on companies outside the United States, primarily in the Pan-Eurasian region, including Western Europe, Eastern Europe and the Middle East. Read more.
Source: Twelve Seas Investment II Seeks 9-Month Extension