TenX Keane Acquisition Announces Extension Of The Deadline For An Initial Business Combination To October 18, 2023
Portfolio Pulse from Happy Mohamed
TenX Keane Acquisition (NASDAQ:TENKU) has extended the deadline for its initial business combination from July 18, 2023 to October 18, 2023. The company has deposited $660,000 into its trust account to facilitate this extension. The payment was made by 10XYZ Holdings LP, the sponsor of the company.
July 18, 2023 | 8:02 pm
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TenX Keane Acquisition has extended its initial business combination deadline, depositing $660,000 into its trust account. This could potentially delay any expected returns for investors.
The extension of the deadline for the initial business combination could potentially delay any expected returns for investors. However, the deposit into the trust account shows the company's commitment to the process, which could be seen as a positive sign. The impact on the stock price is uncertain in the short term.
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