8K from Sagaliam Acquisition Corp. should be released in the very near future to extend the time available to consummate a business combination or announce an agreement.
The last 8K on this subject was released 04/24/2023:
Business Combination Extension
On April 21, 2023, the Company notified Continental Stock Transfer & Trust Company that it was exercising its option to extend the time available to consummate a business combination by an additional one month, thereby extending the de-SPAC deadline from April 23, 2023 to May 23, 2023. Furthermore, in accordance with the Investment Management Trust Agreement between the Company and Continental Stock Transfer & Trust Company, dated December 20, 2021, the date by which the Company has to complete its business combination has been extended by the Company from April 23, 2023 to May 23, 2023 (the “Extension”) by depositing $57,380.22 into the trust account for its public stockholders. The Extension is the fifth of ten one-month extensions permitted under the Company’s governing documents and provides the Company with additional time to complete its business combination.
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