other material
confidence high
sentiment neutral
materiality 0.60
INFINT, Seamless to fund trust extension up to $900K to push deadline to March 2023
Currenc Group Inc.
- Seamless will deposit up to $900,000 (or $0.18/share) into trust for extension from Nov 23, 2022 to March 23, 2023.
- Extension proposal to be voted on at extraordinary general meeting on November 22, 2022.
- If approved and Seamless does not fund, Company must dissolve unless Sponsor deposits additional funds.
- Company expects to consent to reversal of previously received redemptions until 2:00 PM ET on Nov 22.