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SPAC Alpine Acquisition to extend deadline for $50M takeover of Two Bit Circus

  • SPAC Alpine Acquisition (NASDAQ:REVE) said Monday its sponsor Alpine Acquisition Sponsor requested that it extend the deadline for its $50M takeover of Two Bit Circus from Sept. 2 to Dec. 2.
  • The extension is the first of up to two three-month extensions allowed under REVE's governing documents.
  • The sponsor intends to deposit ~$1.1M into REVE's trust account established in connection with its IPO on or before Sept. 2.
  • The acquisition is expected to close in Q4.

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