other material
confidence high
sentiment neutral
materiality 0.70
INFINT to extend business combination deadline to Feb 23, 2024, with monthly trust contributions
Currenc Group Inc.
- Extraordinary general meeting on Aug 18, 2023 to vote on extending deadline from Aug 23, 2023 to Feb 23, 2024.
- If extension approved, INFINT will deposit the lesser of $160,000 or $0.04 per public share into trust each month.
- Failure to make a contribution triggers liquidation; contributions cease upon business combination or winding up announcement.
- Trust funds remain invested in U.S. Treasury bills (≤185 days) or money market funds per Rule 2a-7.