Crown PropTech enters non-redemption agreements to preserve trust cash; extension vote March 9

Crown PropTech Acquisitions

Co-sponsor CIIG Management will assign 1 Class B share per 40 public shares not redeemed, accruing monthly until business combination.
Agreements aim to reduce redemptions at the March 9 extraordinary meeting to approve 12-month extension to March 11, 2027.
Crown PropTech currently holds 5,662,000 Class B shares; 2,194,988 already subject to prior non-redemption agreements.
Agreements are not expected to affect approval likelihood but should increase trust account funds post-meeting.

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