Acri Capital Acquisition Corp. (NASDAQ:ACAC) announced this afternoon that, upon approval of its board, it has postponed its extension vote from January 26 to February 8.
The company is hoping to amend the amount of the monthly deposit required for the trust account from $0.0333 for each public share to $0.0625 for each public share for up to nine times.
In connection with the postponement of the meeting, Acri Capital has also extended the deadline for holders to submit their shares for redemption in connection with the extension to February 6.
Acri Capital priced its priced its $75 million IPO in June 2022 and is still searching for a target company. The SPAC intends to focus its search on identifying a prospective target in the technology-enabled industries in North America, namely within the geographic limits of the United States, Canada and Mexico. It currently faces a completion deadline of March 14.
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