Ross Acquisition Corp II Announces Shareholder Approval of Extension of Deadline to Complete a Business Combination
September 15 2023 - 2:45PM
Ross Acquisition Corp II (NYSE:ROSS) (the “Company”) announced
today that its shareholders approved amendments to the Company’s
Amended and Restated Memorandum and Articles of Association to,
amongst other things, extend the date by which the Company must
consummate a business combination from September 16, 2023 to March
16, 2024 (such proposal, the “Extension Amendment Proposal”).
In connection with the vote to approve the Extension Amendment
Proposal, the holders of 1,339,804 Class A
ordinary shares of the Company properly exercised their right to
redeem their shares for cash at a redemption price of approximately
$10.74 per share, for an aggregate redemption amount of
approximately $14.4 million. Approximately $54.2 million will
remain in trust.
About Ross Acquisition Corp II
Ross Acquisition Corp II is a special purpose acquisition
company sponsored by Ross Holding Company LLC, an affiliate of
Wilbur L. Ross, Stephen J. Toy, and Nadim Z. Qureshi, for the
purpose of effecting a merger, capital stock exchange, asset
acquisition, stock purchase, reorganization or similar business
combination with one or more businesses or assets. Ross Acquisition
Corp II completed its initial public offering in March 2021.
Cautionary Note Regarding Forward-Looking
Statements
This press release contains forward-looking statements within
the meaning of the “safe harbor” provisions of the Private
Securities Litigation Reform Act of 1995. The Company’s actual
results may differ from their expectations, estimates and
projections and consequently, you should not rely on these
forward-looking statements as predictions of future events.
Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance, and
underlying assumptions and other statements that are other than
statements of historical facts. No representations or warranties,
express or implied are given in, or in respect of, this press
release. When we use words such as “may,” “will,” “intend,”
“should,” “believe,” “expect,” “anticipate,” “project,” “estimate”
or similar expressions that do not relate solely to historical
matters, it is making 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 (the “SEC”).
All subsequent written or oral forward-looking statements
attributable to the Company or persons acting on the Company’s
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 Annual Report on
Form 10-K filed with the SEC on April 6, 2023 and other documents
filed with the SEC. The Company does not undertake any obligation
to publicly revise these forward-looking statements to reflect
events or circumstances that arise after the date of this press
release, except as required by applicable law.
Contact
Wilbur L. Ross, Jr.(561)
655-2615wross@rossacquisition2.com
Ross Acquisition Corp II (NYSE:ROSS)
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