Social Capital Hedosophia Holdings Corp. (IPOA)

[novicetrader]

They have filed for approval to extend the deadline by which to consummate the merger.If they aren't given the extension, they will have to return the funds to shareholders.This is what I understood, but hoping they get that extension. My first time in a SPAC, so not sure if my understanding is even correct,but the risk(for me) is minimal,so haven't even been paying attention to the price action(which is so boring,hardly moves a penny up or down,lol!)