Frontier Investment Corp. (NASDAQ: FICV) announced this afternoon that it has once again decided to adjourn its special meeting.
Initially planned for June 16, the extension meeting was adjourned by Frontier Investment’s chairman until June 22, but is now being further delayed until June 29 at 9:00 a.m. ET.
As a result of the postponement, the redemption deadline will also be extended until June 27.
Frontier Investment Corp. has a deadline of July 6, 2023, to finalize a business combination. However, the company is seeking shareholder approval at its upcoming meeting to extend this timeline by one year, allowing it until July 6, 2024, to complete a transaction.
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. Although it has yet to find a suitable target to combine with, the company intends to identify a business operating in the technology, digital media, e-commerce, financial technology, or digital services sectors. It specifically aims to target high-growth markets in the Middle East, North Africa & Turkey, Sub-Saharan Africa, South Asia, and Southeast Asia for potential opportunities.
The company is led by CEO and Chairman Asar Mashkoor, and CFO Arif Mansuri.
Cayson Acquisition Corp. (NASDAQ:CAPN) has entered into a definitive agreement to combine with boutique investment firm Mango Financial for $300 million in equity consideration. Hong Kong-based Mango provides a range of M&A and equity capital markets advisory services to clients considering listings in China and the US. The combined company is expected to trade on...
Trailblazer (NASDAQ:BLZRU) has filed for a $200 million SPAC to bring a first-time team to market with serial sponsor terms. The new SPAC is offering investors a 1/3 warrant in each unit and it is the first SPAC filed so far this month with 24 months on its initial transaction clock. All other July SPACs...
This week, we speak with Kyivstar CEO Oleksandr Komarov about the company’s $2.2 billion dollar combination with Cohen Circle Acquisition Corp. I (NASDAQ:CCIR). Few companies have been had to forge themselves in the flames recently quite like Ukraine’s leading telecom and digital services provider Kyivstar. Now, Kyivstar is not only telling that story but pitching it to...
At the SPAC of Dawn The market still has one full trading session before it adds Tuesday’s Core CPI reading and a variety of Fed comments to messaging it is already ingesting on US President Donald Trump’s ever-shifting tariff policy. SPACs are meanwhile continuing on with business as usual, with Cayson (NASDAQ:CAPN) announcing the third...
Terms Tracker for the Week Ending July 11, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. One more IPO priced this week bringing July’s total to 8. However, there are still three more weeks left in the month so that number...