Longevity Extends Acquisition Deadline to May

Binwei Wang
    Feb 25, 2020 11:40 AM  PT
Longevity Extends Acquisition Deadline to May
author: Binwei Wang   

Longevity Acquisition Corp. (Nasdaq: LOACU) announced Tuesday that it has extended the period of time to execute on a planned business acquisition by three months to May 28, 2020.

Whale Management Corp., Longevity's sponsor, has deposited into Longevity's trust account an aggregate of $400,000, representing $0.10 per public share, the company added in today's announcement.

Based in Shanghai, Longevity operates as a blank check company. The company aims to acquire one and more businesses and assets, via a merger, capital stock exchange, asset acquisition, stock purchase, and reorganization, according to the company.