Ackrell SPAC Partners I Co. Announces Increase in Deposit to Trust Account for Each Monthly Extension of Time to Complete Business Combination in Connection With Special Meeting of Stockholders to Vote Upon Extension
14 Juin 2022 - 10:05PM
Ackrell SPAC Partners I Co. (NASDAQ: ACKIU) (“Ackrell” or the
“Company”), a special purpose acquisition company, today issued a
press release in which it announced that in connection with its
special meeting of stockholders to be held on June 21, 2022 for
stockholders to consider and vote on a proposal to extend the time
the Company has to consummate an initial business combination at
the request of the Sponsor on a monthly basis from June 23, 2022 to
September 23, 2022, subject to the approval of the Board of
Directors of the Company, the Sponsor or its designees will be
required to deposit into the trust account for each extension an
amount equal to the lesser of $0.043 per share and $200,000.
Holders of shares of common stock underlying the subunits issued in
the Company’s initial public offering will have until 5:00 p.m.
Eastern Time on Thursday, June 16, 2022 to request the redemption
of their public shares into their pro rata portion of the funds
held in the trust account.
About Ackrell SPAC Partners I
Co.
Ackrell 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
branded fast-moving consumer goods industry. The Company is led by
Chairman Michael Ackrell, Vice Chairman Shannon Soqui, Chief
Executive Officer Jason M. Roth, Chief Operating Officer &
President Stephen N. Cannon, and Chief Financial Officer Long
Long.
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 and other
reports 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.
Investor Contact:
Ackrell SPAC Partners I Co.(650)
560-4753Info@ackrellspac.com
Ackrell SPAC Partners I (NASDAQ:ACKIU)
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