Better World Acquisition Corp. Confirms Funding and Extension of Deadline to Complete Initial Business Combination
November 16 2021 - 5:00PM
Better World Acquisition Corp. (NASDAQ: BWAC) (the “Company”)
announced today that its sponsor, BWA Holdings LLC (the “Sponsor”),
has deposited an aggregate of $1,261,860 (representing $0.10 per
public share) (the “Extension Payment”) into the Company’s trust
account for its public stockholders. This deposit enables the
Company to extend the date by which the Company has to complete its
initial business combination from November 17, 2021 to February 17,
2022 (the “Extension”). The Extension is the first of two
three-month extensions permitted under the Company’s governing
documents.
The Sponsor loaned the Extension Payment to the
Company, which loan is convertible, at the Sponsor’s discretion,
into warrants identical to the warrants issued in the Company’s
private placement that was consummated in connection with the
Company’s initial public offering.
About Better World Acquisition Corp.
The Company is a blank check company 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. While the Company may
pursue an acquisition in any business industry or sector, it
intends to concentrate its efforts on identifying businesses in the
healthy living industries that benefit from strong Environmental,
Social and Governance (“ESG”) profiles.
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.
Contact:
Peter S.H. GrubsteinChief Financial OfficerBetter World
Acquisition Corp.(212) 450-9700
Better World Acquisition (NASDAQ:BWAC)
Historical Stock Chart
From Sep 2024 to Oct 2024
Better World Acquisition (NASDAQ:BWAC)
Historical Stock Chart
From Oct 2023 to Oct 2024