Crown PropTech SPAC proposes extension to Aug 2024; offers non-redemption incentives

Crown PropTech Acquisitions

EGM on Feb 8 to vote on extending business combination deadline from Feb 11 to Aug 11, 2024.
Sponsor CIIG Management will transfer Class B shares to holders who do not redeem Class A shares at EGM.
Non-redemption agreements aim to preserve trust cash; no assurance deals will be completed.
Investors who agree forgo redemption rights and must vote in favor of extension; shares transfer post-business combination.

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