Fintech Ecosystem Development announced that its board of directors has decided to extend the date by which the Company must consummate an initial business combination from June 21, 2023 for an additional month, to July 21, 2023, and that its sponsor, Revofast deposited $110,000 into the Company’s trust account in connection with this extension, the third of twelve potential one-month extensions of the Deadline Date available to the Company. The Company’s Amended and Restated Certificate of Incorporation, as amended, provides the Company with the right to extend the Deadline Date up to twelve times for an additional one month each time, from April 21, 2023 to up to April 21, 2024.
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