InFinT Acquisition Corp. Schedules Extraordinary General Meeting
Ticker: CURR · Form: DEF 14A · Filed: Jan 30, 2024 · CIK: 1862935
| Field | Detail |
|---|---|
| Company | Infint Acquisition Corp (CURR) |
| Form Type | DEF 14A |
| Filed Date | Jan 30, 2024 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $0.0001, $11.34, $11.27, $80,000, $0.02 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: SPAC, Proxy Statement, Shareholder Meeting, Charter Amendment, Business Combination
TL;DR
<b>InFinT Acquisition Corporation is holding an Extraordinary General Meeting on February 16, 2024, to vote on amending its charter to extend the deadline for a business combination.</b>
AI Summary
InFinT Acquisition Corp (CURR) filed a Proxy Statement (DEF 14A) with the SEC on January 30, 2024. InFinT Acquisition Corporation will hold an Extraordinary General Meeting on February 16, 2024, at 10:00 a.m. Eastern Time. The meeting will take place at the offices of Greenberg Traurig, LLP, One Vanderbilt Avenue, New York, NY 10017. Shareholders are invited to attend and will have the opportunity to ask management questions. The primary purpose of the meeting is to vote on a special resolution to amend the Company's Amended and Restated Memorandum and Articles of Association. The proposed amendment aims to extend the deadline for the Company to consummate a business combination.
Why It Matters
For investors and stakeholders tracking InFinT Acquisition Corp, this filing contains several important signals. This meeting is crucial for InFinT Acquisition Corporation as it seeks shareholder approval to extend its deadline for completing a business combination, which is a common requirement for special purpose acquisition companies (SPACs). Shareholder approval is necessary to amend the company's charter, indicating that the company may be facing challenges in identifying or closing a deal within its original timeframe.
Risk Assessment
Risk Level: low — InFinT Acquisition Corp shows low risk based on this filing. The filing is a routine proxy statement for a shareholder meeting and does not contain significant financial or operational data, thus posing minimal immediate risk.
Analyst Insight
Shareholders should review the proxy materials carefully and vote on the proposed charter amendment to extend the business combination deadline.
Key Numbers
- February 16, 2024 — Meeting Date (Extraordinary General Meeting date.)
- 10:00 a.m. Eastern Time — Meeting Time (Scheduled time for the Extraordinary General Meeting.)
Key Players & Entities
- InFinT Acquisition Corporation (company) — Registrant and filer of the proxy statement.
- February 16, 2024 (date) — Date of the Extraordinary General Meeting.
- Greenberg Traurig, LLP (company) — Location of the Extraordinary General Meeting.
- One Vanderbilt Avenue, New York, NY 10017 (location) — Specific address for the meeting.
- Cayman Islands (location) — Jurisdiction of incorporation for InFinT Acquisition Corporation.
FAQ
When did InFinT Acquisition Corp file this DEF 14A?
InFinT Acquisition Corp filed this Proxy Statement (DEF 14A) with the SEC on January 30, 2024.
What is a DEF 14A filing?
A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by InFinT Acquisition Corp (CURR).
Where can I read the original DEF 14A filing from InFinT Acquisition Corp?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by InFinT Acquisition Corp.
What are the key takeaways from InFinT Acquisition Corp's DEF 14A?
InFinT Acquisition Corp filed this DEF 14A on January 30, 2024. Key takeaways: InFinT Acquisition Corporation will hold an Extraordinary General Meeting on February 16, 2024, at 10:00 a.m. Eastern Time.. The meeting will take place at the offices of Greenberg Traurig, LLP, One Vanderbilt Avenue, New York, NY 10017.. Shareholders are invited to attend and will have the opportunity to ask management questions..
Is InFinT Acquisition Corp a risky investment based on this filing?
Based on this DEF 14A, InFinT Acquisition Corp presents a relatively low-risk profile. The filing is a routine proxy statement for a shareholder meeting and does not contain significant financial or operational data, thus posing minimal immediate risk.
What should investors do after reading InFinT Acquisition Corp's DEF 14A?
Shareholders should review the proxy materials carefully and vote on the proposed charter amendment to extend the business combination deadline. The overall sentiment from this filing is neutral.
How does InFinT Acquisition Corp compare to its industry peers?
InFinT Acquisition Corporation is a special purpose acquisition company (SPAC) that aims to merge with or acquire an operating business.
Are there regulatory concerns for InFinT Acquisition Corp?
The filing is a DEF 14A, a definitive proxy statement required by the SEC for companies soliciting shareholder votes on important matters.
Risk Factors
- Charter Amendment for Business Combination Deadline [medium — regulatory]: The company is seeking shareholder approval to amend its charter to extend the deadline for consummating a business combination, a critical step for SPACs.
Industry Context
InFinT Acquisition Corporation is a special purpose acquisition company (SPAC) that aims to merge with or acquire an operating business.
Regulatory Implications
The filing is a DEF 14A, a definitive proxy statement required by the SEC for companies soliciting shareholder votes on important matters.
What Investors Should Do
- Review the proxy statement and accompanying materials for details on the proposed charter amendment.
- Submit proxy votes before the Extraordinary General Meeting to ensure representation.
- Attend the meeting or appoint a proxy to vote on the proposed extension of the business combination deadline.
Key Dates
- 2024-02-16: Extraordinary General Meeting — Shareholders to vote on charter amendment to extend business combination deadline.
Glossary
- Extraordinary General Meeting
- A special meeting of shareholders called for a specific, important purpose. (This meeting is to vote on a critical charter amendment for the company's continued operation.)
- Amended and Restated Memorandum and Articles of Association
- The company's governing documents outlining its structure, rights, and obligations. (Shareholder approval is required to amend these documents, impacting the company's operational timeline.)
- Business Combination
- A merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination. (The company's primary objective as a SPAC is to complete such a transaction within a specified timeframe.)
Year-Over-Year Comparison
This is a DEF 14A filing for an upcoming shareholder meeting, indicating a specific event rather than a comparison of financial performance to a prior filing.
Filing Stats: 4,664 words · 19 min read · ~16 pages · Grade level 18 · Accepted 2024-01-29 21:28:34
Key Financial Figures
- $0.0001 — the Class A ordinary shares, par value $0.0001 per share, of the Company (“Class
- $11.34 — the Trust Account will be approximately $11.34 at the time of the Extraordinary Genera
- $11.27 — Ordinary Share on January 26, 2024 was $11.27 per share. The Company cannot assure sh
- $80,000 — l the Extension Date, the lesser of (x) $80,000 and (y) $0.02 per public share multipli
- $0.02 — Date, the lesser of (x) $80,000 and (y) $0.02 per public share multiplied by the numb
- $100,000 — t account (less taxes payable and up to $100,000 of interest to pay dissolution expenses
- $5,000,001 — blic shares causes us to have less than $5,000,001 of net tangible assets following approv
Filing Documents
- formdef14a.htm (DEF 14A) — 956KB
- proxy_001.jpg (GRAPHIC) — 817KB
- proxy_002.jpg (GRAPHIC) — 628KB
- 0001493152-24-004211.txt ( ) — 2948KB
From the Filing
DEF 14A 1 formdef14a.htm UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Information Required in Proxy Statement Schedule 14A Information Proxy Securities Exchange Act of 1934 Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant to §240.14a-12 INFINT ACQUISITION CORPORATION (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): No fee required. Fee paid previously with preliminary materials. Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a6(i)(1) and 0-11. INFINT ACQUISITION CORPORATION 32 Broadway, Suite 401 New York, New York 10004 PROXY INFINT ACQUISITION CORPORATION Dear Shareholders of INFINT Acquisition Corporation: You are cordially invited to attend the Extraordinary General Meeting (the “Extraordinary General Meeting”) of shareholders of INFINT Acquisition Corporation, a Cayman Islands exempted company (the “Company,” “INFINT,” “we,” “us” or “our”), to be held on February 16, 2024, at 10:00 a.m., Eastern Time, or at such other time, on such other date and at such other place to which the meeting may be postponed or adjourned. Shareholders will have the opportunity to present questions to management at the Company. The formal meeting notice and proxy statement for the Extraordinary General Meeting are attached. The Extraordinary General Meeting will be held at the offices of Greenberg Traurig, LLP, located at One Vanderbilt Avenue, New York, NY 10017, United States of America. Please promptly submit your proxy vote by completing, dating, signing and returning the enclosed proxy, so that your shares will be represented at the Extraordinary General Meeting. It is strongly recommended that you complete and return your proxy card before the Extraordinary General Meeting date to ensure that your shares will be represented at the Extraordinary General Meeting. Instructions on how to vote your shares are on the proxy materials you received for the Extraordinary General Meeting. The Extraordinary General Meeting is being held to consider and vote upon the following proposals: (a) as a special resolution, to amend the Company’s Amended and Restated Memorandum and Articles of Association (the “Charter”) pursuant to an amendment to the Charter in the form set forth in Annex A of the accompanying proxy statement to extend the date by which the Company must (1) consummate a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination, which we refer to as our initial business combination, (2) cease its operations except for the purpose of winding up if it fails to complete such initial business combination, and (3) redeem all of the Class A ordinary shares, par value $0.0001 per share, of the Company (“Class A Ordinary Shares”), included as part of the units sold in the Company’s initial public offering that was consummated on November 23, 2021 (the “IPO”) if it fails to complete such initial business combination, from February 23, 2024 (the “Current Termination Date”) to November 23, 2024, or such earlier date as determined by our board of directors (the “Board”), (the “Extension,” such later date, the “Extended Date,” and such proposal, the “Extension Proposal”); and (b) as an ordinary resolution, to approve the adjournment of the Extraordinary General Meeting to a later date or dates, if necessary, to permit further solicitation and vote of proxies in the event that there are insufficient votes for, or otherwise in connection with, the approval of the Extension Proposal (the “Adjournment Proposal”), which will only be presented at the Extraordinary General Meeting if, based on the tabulated votes, there are not sufficient votes at the time of the Extraordinary General Meeting to approve the Extension Proposal, in which case the Adjournment Proposal will be the only proposal presented at the Extraordinary General Meeting. Each of the proposals is more fully described in the accompanying proxy statement, which you are encouraged to read carefully. The purpose of the Extension is to allow the Company more time to complete its previously announced business combination by and among the Company, FINTECH Merger Sub Corp., a Cayman Islands exempted company and a wholly owned subsidiary of INFINT (“Merger Sub”), and Seamless Group Inc., a Cayman Islands exempted company (&ldquo