other material
confidence high
sentiment neutral
materiality 0.60
SPAC Semper Paratus extends deadline to Sept 2024; $9.7M redeemed
Tevogen Bio Holdings Inc.
- Shareholders approved Extension Amendment allowing up to 9-month extension to Sept 15, 2024.
- Holders of 880,873 Class A shares redeemed at ~$11.02 each, aggregate ~$9.7M.
- Trust account balance after redemptions and extension deposit is ~$16.5M.
- Sponsor SSVK Associates deposited $67,500 for the first three-month extension.
- Extension provides additional time to complete an initial business combination.