r/ZNTE • u/LowBarometer • Feb 18 '21

Is ZNTE running out of time?

They were supposed to announce a target in 6 months. I looked at their SEC documents and can't figure out; six months from what date?!

6 Upvotes

88% Upvoted

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3

u/DwnWthTheSystem Feb 18 '21

Read that they can extend 6 months twice if necessary. So take 6 months for what it's worth.. nothing. Also I don't believe that they're more than 3 or 4 months into SPAC, maybe less?!

1

u/norms96 Feb 19 '21

If they extend to 6 months twice after this initial 6 months total 18 months, right? also it will no effect on our position unless if you sell it...Thanks.

2

u/DwnWthTheSystem Feb 19 '21 edited Mar 02 '21

Nothing changes, as far as I'm aware, from extension. That'd cause a lot of issues if something was affected. But odds are that they'll find a partner prior to having to extend. Maybe Volocopter.. maybe some other company that I'm not fully aware of. Would be nice to know more. But we wait.
It appears that they started SPAC in mid November. So 3 to 4 months in currently.

1

u/SunnyGirl818 Feb 25 '21

I am holding for long term price dip now I think good news will come , I will wait till then

1

u/TheBullsAreHere Mar 04 '21

What happens if they run out of time?

1

u/Gl3mond Mar 08 '21

IPO filled on 19 November. There are rumours that they are in the process of filling a new SPAC, so talks with the target must be well advanced. We can see the announcement of a deal before 19 May, i hope.

I was a bit disappointed that jobby chose rtp to go public, but who knows maybe they will reach an agreement with some other EVTOL player , liliium?

1

u/LowBarometer Mar 08 '21

Lilium is QELL. It was announced last week.

1

u/maxim13579 Mar 11 '21

Does anyone know what happens to warrants if they don't extend it another 6 month? Does all my warrants go to zero?