Tiga Acquisition Corp. Announces Extension to Business Combination Deadline
May 23 2022 - 03:00AM
Business Wire
Tiga Acquisition Corp. (the “Company”), a blank check company
formed for the purpose of effecting a merger, share exchange, asset
acquisition, share purchase, reorganization or similar business
combination with one or more businesses (a “Business Combination”),
announced today that it has approved an extension of the time
period to consummate a Business Combination, in accordance with
Article 49.8 of the Company’s Amended and Restated Memorandum and
Articles of Association, to and including November 27, 2022.
In connection therewith, the Company has also approved the
issuance and sale of, to Tiga Sponsor LLC (the “Sponsor”), an
additional 2,760,000 private placement warrants at $1.00 per
warrant, the proceeds of which will be deposited into the Company’s
Trust Account. Each warrant entitles the holder thereof to purchase
one Class A ordinary share at a price of $11.50 per share.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
Cautionary Statement Concerning Forward-Looking
Statements
This press release contains statements that constitute
“forward-looking statements,” including with respect to the
proposed purchase by the Sponsor of additional private placement
warrants and the anticipated deposit of the proceeds of such
purchase in the Company’s Trust Account. No assurance can be given
that the transactions discussed above will be completed on the
terms described, or at all, or that the proceeds of the purchase of
private placement warrants will be deposited as indicated.
Forward-looking statements are subject to numerous conditions, many
of which are beyond the control of the Company.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220523005374/en/
Investors:
Diana Luo, Tiga Acquisition Corp.
CFO@tigaacquisitioncorp.com
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