Current Report
Filed: 2026-02-17
Key Insights
- Crown PropTech Acquisitions (CPTKW) has amended its business combination agreement with Mkango Rare Earths Limited (MKAR) to extend the deal closing deadline from March 2026 to September 2026, with a possible further extension to December 2026.
- The amendment restructures the ownership of MKAR's assets and operations to focus on the rare earth project at Songwe Hill in Malawi and the proposed separation plant in Pulawy, Poland.
- Crown PropTech has also amended the promissory note with its former CEO, extending the maturity date from February 2026 to December 2026 to align with the business combination deadline.