EDOC Acquisition Corp. Confirms Funding to Extend Period to Consummate Initial Business Combination
November 15 2021 - 4:15PM
EDOC Acquisition Corp. (NASDAQ: ADOC) (the “Company”), announced
today that an aggregate of $900,000 (the “Extension Payment”) has
been deposited into the Company’s trust account for its public
shareholders, representing $0.10 per public share, which enables
the Company to extend the period of time it has to consummate its
initial business combination by three months from November 12, 2021
to February 12, 2022 (the “Extension”). The Extension is the first
of up to two three-month extensions permitted under the Company’s
governing documents.
American Physicians LLC, a Delaware limited
liability company (the “Sponsor”), loaned the Extension Payment to
the Company, which loan is convertible, at the Sponsor’s
discretion, into units identical to the units issued in the
Company’s private placement that was consummated in connection with
the Company’s initial public offering.
About EDOC Acquisition
Corp.
EDOC Acquisition Corp. is a blank check company
organized for the purpose of effecting a merger, share exchange,
asset acquisition, share purchase, recapitalization,
reorganization, or other similar business combination with one or
more businesses or entities. It intends to focus on businesses
primarily operating in the healthcare sector in North America and
Asia-Pacific.
Cautionary Note Regarding
Forward-Looking Statements
This press release may include, and oral
statements made from time to time by representatives of the Company
may include, “forward-looking statements” within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. Statements
regarding possible business combinations and the financing thereof,
and related matters, as well as all other statements other than
statements of historical fact included in this press release are
forward-looking statements. When used in this press release, words
such as “anticipate,” “believe,” “continue,” “could,” “estimate,”
“expect,” “intend,” “may,” “might,” “plan,” “possible,”
“potential,” “predict,” “project,” “should,” “would” and similar
expressions, as they relate to us or our management team, identify
forward-looking statements. Such forward-looking statements are
based on the beliefs of management, as well as assumptions made by,
and information currently available to, the Company’s management.
Actual results could differ materially from those contemplated by
the forward-looking statements as a result of certain factors
detailed in the Company’s filings with the Securities and Exchange
Commission (“SEC”). All subsequent written or oral forward-looking
statements attributable to us or persons acting on our behalf are
qualified in their entirety by this paragraph. Forward-looking
statements are subject to numerous conditions, many of which are
beyond the control of the Company, including those set forth in the
Risk Factors section of the Company’s registration statement and
prospectus for the Company’s initial public offering filed with the
SEC. The Company undertakes no obligation to update these
statements for revisions or changes after the date of this release,
except as required by law.
ContactEdoc Acquisition
Corp.7612 Main Street FishersSuite 200Victor, NY 14564Attention:
Kevin Chen
Edoc Acquisition (NASDAQ:ADOC)
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