Acri Capital Acquisition Corporation Announces Extension of the Deadline for an Initial Business Combination
July 12 2023 - 4:15PM
Acri Capital Acquisition Corporation (the “Company”)
(Nasdaq: ACAC), a special purpose acquisition company,
today announced that, in order to extend the date by which the
Company must complete its initial business combination from July
14, 2023 to August 14, 2023, Acri Capital Sponsor LLC, the sponsor
of the Company, has deposited into its trust account (the “Trust
Account”) an aggregate of $75,000 (the “New Monthly Extension
Payment”).
Pursuant to the Company’s Amended and Restated
Certificate of Incorporate currently in effect, the Company may
extend on monthly basis from July 14, 2023 until April 14, 2024 or
such an earlier date as may be determined by its board to complete
a business combination by depositing the New Monthly Extension
Payment for each month into the Trust Account.
About Acri Capital Acquisition
Corporation Acri Capital Acquisition Corporation is a
blank check company, also commonly referred to as a special purpose
acquisition company, or SPAC, formed for the purpose of effecting a
merger, capital stock exchange, asset acquisition, stock purchase,
reorganization or similar business combination with one or more
businesses with one or more businesses or entities.
Cautionary Statement Regarding
Forward-Looking StatementsThis Press Release contains
“forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995. Such statements include,
but are not limited to, statements about future financial and
operating results, our plans, objectives, expectations and
intentions with respect to future operations, products and
services; and other statements identified by words such as “will
likely result,” “are expected to,” “will continue,” “is
anticipated,” “estimated,” “believe,” “intend,” “plan,”
“projection,” “outlook” or words of similar meaning. Such
forward-looking statements are based upon the current beliefs and
expectations of our management and are inherently subject to
significant business, economic and competitive uncertainties and
contingencies, many of which are difficult to predict and generally
beyond our control. Actual results and the timing of events may
differ materially from the results anticipated in these
forward-looking statements.
Company Contact:
Acri Capital Acquisition CorporationMs. “Joy” Yi Hua,
ChairwomanEmail: acri.capital@gmail.com
Investor Relations Contact:
International Elite CapitalAnnabelle ZhangTelephone: +1(646)
866-7989Email: acri@iecapitalusa.com
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