other material
confidence high
sentiment neutral
materiality 0.60
TenX Keane Acquisition files proxy supplement for extension; sponsor to fund trust for up to 10-month extension
CITIUS ONCOLOGY, INC.
- Extraordinary general meeting on Jan 17, 2024 to vote on extension amendment.
- If approved, sponsor will contribute up to $200k or $0.10/share for first 3-month extension.
- For subsequent monthly extensions, sponsor contributes up to $66,667 or $0.03/share per month.
- Extensions could extend deadline from Jan 18, 2024 to as late as Nov 18, 2024.
- Loans are non-interest bearing and repayable upon business combination.