Published: February 10, 2023 at 2:46 am ET
By Elena Vardon
Hambro Perks Acquisition Co said on Friday it wants to extend the deadline by which it can seek a business combination as it is not in advanced enough talks with potential targets to complete one.
The special purpose buyout company, which was formed to focus on a business combination with a European technology enabled…
By Elena Vardon
Hambro Perks Acquisition Co said on Friday it wants to extend the deadline by which it can seek a business combination as it is not in advanced enough talks with potential targets to complete one.
The special-purpose buyout company, which was formed to focus on a business combination with a European technology-enabled business, said the market environment has not been conducive to a combination, but its board sees potential for opportunities, that is, in other industries operating within Europe.
It is seeking shareholder approval to extend the initial deadline to Nov. 30 from Feb. 28 and has called an extraordinary general meeting, it said.
“We remain enthusiastic about the prospects for a business combination and are encouraged by the conversations we have had and are having with companies interested in a combination,” said chief executive Dominic Perks.
Email Elena Vardon at elena.vardon@wsj.com
