Arisz Acquisition Announces Extension Of Deadline To Complete Business Combination; Deposited $120K In Trust Account To Extend Business Combination From Sept. 22 To Oct. 22
Portfolio Pulse from Benzinga Newsdesk
Arisz Acquisition has announced an extension of the deadline to complete its business combination from September 22 to October 22. The company has deposited $120K in a trust account to facilitate this extension.
September 15, 2023 | 8:18 pm
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NEUTRAL IMPACT
Arisz Acquisition's extension of the deadline for its business combination may indicate ongoing negotiations or complexities. The deposit of $120K shows commitment to the process.
The extension of the deadline for the business combination suggests that there may be ongoing negotiations or complexities that need to be resolved. The deposit of $120K into a trust account shows a commitment to the process, which could be viewed positively by investors. However, the impact on the stock price in the short term is uncertain as it will depend on the final outcome of the business combination.
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