Tuesday, October 10, 2023 7:56:33 PM
Some SPACs have built in extensions, where they can invest additional capital monthly or quarterly into the trust to extend their duration. If a SPAC does not have built in extensions or must extend past their extensions, they can request that their shareholders approve their extension.
https://clearthink.capital/blog/the-basics-of-spac-extension-financing/#:~:text=Some%20SPACs%20have%20built%20in,their%20shareholders%20approve%20their%20extension.
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