Crown PropTech enters non-redemption agreements to extend SPAC deadline to March 2026

Crown PropTech Acquisitions

Non-redemption agreements assign up to 200,000 Class B shares to investors who agree not to redeem public shares at May 9, 2025 meeting.
Extension proposal seeks to push business combination deadline from May 11, 2025 to March 11, 2026.
Sponsor CIIG Management III LLC holds 5,662,000 Class B shares; 1,964,414 are subject to assignment under certain conditions.
Agreements aim to increase trust account proceeds remaining after the extraordinary general meeting.

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