Fintech Ecosystem Development (NASDAQ: FEXD) has announced plans to adjourn the company’s special meeting of stockholders; the meeting was scheduled for today, but the company intends on reconvening the Special Meeting on Thursday, April 20, 2023, at 10 a.m. ET. The company is also extending the deadline for holders of its shares of Class A common stock to exercise their right to redeem their shares for their pro rata portion of the funds available in the company’s trust account, or to withdraw any previously delivered demand for redemption; that deadline has been changed to April 18, 2023, at 5 p.m. ET. According to the company, the agenda for the Special Meeting includes a vote on the proposal described in the company’s definitive proxy statement relating to a proposed extension of the deadline to complete its initial business combination. The meeting is being adjourned to allow for the amendment to terms of the extension proposal.
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About Fintech Ecosystem Development Corp.
Fintech Ecosystem Development is a special purpose acquisition company formed for the purpose of effecting one or more business combinations with an intent to focus on the financial technology sector. The company is sponsored by Revofast LLC and the management team led by CEO, president and founder Dr. Saiful Khandaker and a team of experienced intech business and technology innovators. For more information about the company, please visit www.FintechEcosys.com.
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