L Catterton Asia Acquisition (LCAA) has released an update.
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L Catterton Asia Acquisition Corp has received shareholder approval to extend the deadline for completing its initial business combination from March 15, 2023, to June 15, 2023. The board is also granted the authority to further extend this Termination Date to March 15, 2024. With each extension, the company’s sponsor is depositing $330,000 into the trust account. The extensions demonstrate the company’s ongoing efforts to finalize a business combination, ensuring they maintain investor confidence and meet the necessary conditions for a successful merger or acquisition.
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