World Quantum Growth Acquisition said that if the extension proposal is approved at the Feb. 8 shareholders meeting, its sponsor will deposit into trust the lesser of $75,000 or 3 cents a share for each month required under the extension — up to Oct. 13.
World Quantum said the maximum contribution to the trust will not exceed $300,000.
The SPAC raised $200 million in an August 2021 IPO to target financial services and the financial technology sectors in the U.S. and EMEA as well as relevant technology firms supporting these sectors. Read more.
Source: World Quantum Growth Dangles Cash in Return for Deadline Extension