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Ross Acquisition II (ROSS) has provided an announcement.
Ross Acquisition Corp. II announced its plan to extend the deadline for completing a business combination from March 16 to September 16, 2024, subject to shareholder approval at the March 6 extraordinary general meeting. If the extension is not approved, the company will redeem all outstanding Class A ordinary shares at a price based on the trust account’s cash balance minus applicable taxes and expenses, with March 15 being the last trading day for these securities. This move is critical for investors to monitor, as it will determine the company’s ability to pursue a business combination and the future of their investments.
See more insights into ROSS stock on TipRanks’ Stock Analysis page.
