Frontier Investment Corp. (FICV) Adjourns Extension Vote
by Marlena Haddad on 2023-06-13 at 5:00pm

Frontier Investment Corp. (NASDAQ: FICV) announced this afternoon that its chairman has decided to adjourn its special meeting, originally scheduled to be held on June 16, until June 22.

As a result of the postponement, the redemption deadline will also be extended until June 20.

Frontier Investment Corp. currently has until July 6, 2023, to complete a business combination, but is hoping to gain shareholder approval at its upcoming meeting to extend its timeline by a year until July 6, 2024.

Shareholders will also vote on proposals to remove the net tangible asset requirement and to provide the right of a holder of the company’s Class B ordinary shares to convert into Class A ordinary shares on a one-for-one basis at any time. If the net tangible asset requirement proposal is not approved, then the SPAC will not proceed with the extension.

Frontier priced its $200 million IPO in July 2021. It still has not found a target to combine with, but aims to identify a business that has operations in the technology, digital media, e-commerce, financial technology, or digital services sectors, across the high growth markets of the Middle East North Africa & Turkey, Sub-Saharan Africa, South Asia, and Southeast Asia. Frontier is led by CEO and Chairman Asar Mashkoor, and CFO Arif Mansuri.

Frontier Investment Corp. (FICV) Adjourns Extension Vote
Recent Posts
by Nicholas Alan Clayton on 2025-06-26 at 7:04pm

FIGX Acquisition Corp. (NASDAQ:FIGXU) announced the pricing of its $131 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “FIGXU”, Friday, June 27, 2025. The new SPAC aims to seek out a financial services target with a particular focus on wealth and asset managers with the potential to...

by Nicholas Alan Clayton on 2025-06-26 at 4:52pm

Yorkville Acquisition Corp. (NASDAQ:YORKU) announced the pricing of its $150 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “YORKU”, Friday, June 27, 2025. The new SPAC plans to combine with a target company in the telecom, media or technology sectors. Yorkville Acquisition Corp.’s management team is led...

by Nicholas Alan Clayton on 2025-06-26 at 8:24am

At the SPAC of Dawn As pressure on Fed Chairman Jerome Powell increases, the market is set to ingest a raft of new indicators today as well as hear from Cleveland Fed President Beth Hammack on the potential interest rate path. Today will also see June’s 8th SPAC IPO as Cantor Equity Partners III Inc....

by Nicholas Alan Clayton on 2025-06-25 at 6:30pm

Cantor Equity Partners III Inc. (NASDAQ:CAEP) announced the pricing of its upsized $240 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “CAEP”, Thursday, June 26, 2025. The new SPAC plans to combine with a target company in an industry where its management has relevant expertise such financial...

by Nicholas Alan Clayton on 2025-06-25 at 12:44pm

Launch One (NASDAQ:LPAA) has entered into a definitive agreement to combine with biotech firm Minovia Therapeutics at a $180 million pre-money valuation. Haifa, Israel-based Minovia is developing a drug platform based on mitochondrial cell therapies to potentially treat rare disorders as well as the effects of aging and other causes of bodily degeneration. The combined...

logo

Copyright © 2025 SPACInsider, Inc. All Rights Reserved