Rhea-AI Summary
On October 9, 2020, Alberton Acquisition Corporation (NASDAQ: ALAC) announced a proposal to extend the deadline for completing its initial business combination from October 26, 2020, to April 26, 2021. If shareholders approve this Extension, ALAC will provide an additional cash contribution of $0.05 per share monthly into the trust account for shares not redeemed. As of September 18, 2020, the redemption amount per share stood at approximately $10.73, which could increase to approximately $11.03 if the full extension is utilized.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.88%
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