Replies to post #187972 on Enzolytics Inc (ENZC)

[falon]

SPACs have a limited time to find a company to acquire and complete the acquisition. Depending on the SPAC, this typically ranges from 12-24 months.

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.