- SPAC Alpine Acquisition ( NASDAQ: REVE ) said Monday its sponsor Alpine Acquisition Sponsor requested that it extend the deadline for its $50M takeover of Two Bit Circus from Sept. 2 to Dec. 2.
- The extension is the first of up to two three-month extensions allowed under REVE's governing documents.
- The sponsor intends to deposit ~$1.1M into REVE's trust account established in connection with its IPO on or before Sept. 2.
- The acquisition is expected to close in Q4.
For further details see:
SPAC Alpine Acquisition to extend deadline for $50M takeover of Two Bit Circus