Arisz Acquisition Corp. Announces Extension Of Deadline To Complete Business Combination To February 22, 2024
Portfolio Pulse from Benzinga Newsdesk
Arisz Acquisition Corp. (NASDAQ: ARIZ), a SPAC, has extended the deadline to complete a business combination with BitFuFu to February 22, 2024. The extension, funded by a $120,000 deposit into the Trust Account by Arisz Investments LLC, is the final one-month extension allowed under the company's amended certificate of incorporation.

January 18, 2024 | 9:32 pm
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Arisz Acquisition Corp. has extended its deadline to complete a merger with BitFuFu by depositing $120,000 into the Trust Account, pushing the date to February 22, 2024.
The extension indicates that ARIZ is still working towards completing the business combination with BitFuFu, which could be viewed positively by investors who are supportive of the merger. However, the need for an extension might also raise concerns about potential delays or issues in finalizing the deal. The impact is neutral in the short term as it simply extends the timeline without providing new substantive information about the likelihood of the merger's success.
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