other material
confidence high
sentiment neutral
materiality 0.55
INFINT Acquisition amends business combination agreement to extend deadline to March 23, 2023
Currenc Group Inc.
- Amendment No. 1 extends the outside date for completing the business combination from Feb 23 to March 23, 2023, if shareholders approve the extension proposal.
- If extension proposal is not approved, Seamless must deposit INFINT Extension Funding Amount into trust account before Nov 23, 2022.
- Section 7.18 amended: INFINT must call shareholder meeting before Nov 23, 2022, seeking approval of extension to March 23, 2023.
- Amendment also updates termination provisions to reflect new dates and automatic extension upon funding deposit.