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Financials Acquisition Corp - Special purpose acquisition company focused on insurance technology - Plans extraordinary general meeting to extend deadline for a business combination opportunity. Says business combination would involve raising additional capital and becoming a listed operating company, deploying funds into the Lloyds of London insurance market for reinvestment purposes. Notes there is no certainty over transaction being completed. Says it expects EGM to be held on July 10. Seeks to raise substantial funds beyond existing amounts held in escrow to support the transaction.
Current stock price: 1,040.00 pence
12-month change: up 5.6%
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