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VCKA - VCKA STOCK NEWS

Welcome to our dedicated page for VCKA news (Ticker: VCKA), a resource for investors and traders seeking the latest updates and insights on VCKA stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect VCKA's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of VCKA's position in the market.

Rhea-AI Summary

Vickers Vantage Corp. I (Nasdaq: VCKA) has announced an extension of three months to finalize its initial business combination, now due by July 11, 2022. The company's sponsors deposited $1,035,000 into the trust account as a non-interest bearing loan, which will be repaid upon completion of a business combination. Failure to do so by the new deadline could lead to liquidation. Vickers operates as a blank check company, seeking opportunities across various industries and regions.

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Rhea-AI Summary

Vickers Vantage Corp. I (Nasdaq: VCKA) has extended the deadline to finalize a business combination by three months to April 11, 2022. This extension follows a deposit of $1,035,000 made by the sponsors into a trust account, structured as a non-interest bearing loan. Upon completion of the business combination, the sponsors may either repay the loan or convert it to warrants priced at $0.75 each. If no agreement is reached by the new deadline, the company plans to liquidate.

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On June 1, 2021, Vickers Vantage Corp. I (NASDAQ: VCKA) announced it received a notification from NASDAQ regarding non-compliance with its Listing Rule due to the missing Quarterly Report on Form 10-Q for Q1 2021. The deadline for compliance is July 26, 2021, and if approved, Vickers may get an extension until November 22, 2021. The delays are attributed to the need for re-evaluation of warrant accounting based on an SEC Statement, causing reliance on third-party accountants. The Company is working to complete and submit the Form 10-Q promptly.

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FAQ

What is the market cap of VCKA (VCKA)?

The market cap of VCKA (VCKA) is approximately 170.5M.

VCKA

Nasdaq:VCKA

VCKA Rankings

VCKA Stock Data

170.53M
5.68M
1.22%
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Financial Services
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