Ribbon Acquisition Corp deposited $125,000 into its trust account on April 14, 2026, to fund a one-month extension of its initial business combination deadline.
Key takeaways
The Company deposited $125,000 into its trust account for the benefit of public shareholders.
This payment funds a one-month extension of the deadline to consummate an initial business combination.
The extension was executed in accordance with previously approved Extension and Trust Amendments.
Shareholders had previously approved the provision allowing for monthly extensions upon deposit of funds.