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Capitalworks Emerging Markets Acquisition Corp (Nasdaq: CMCAU, CMCA, CMCAW) announced the indefinite postponement of its extraordinary general meeting originally set for February 24, 2023. The meeting aimed to vote on amendments to extend the deadline for a business combination from March 3, 2023, to December 3, 2023, and allow for early winding up of operations. The Company entered into a Business Combination Agreement with Lexasure Financial Group Limited and others, receiving a three-month extension. A shareholders' meeting is planned before June 3, 2023, to seek approval for the Business Combination or a further extension.
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