Alberton Acquisition Corp. Announces Payment Date of Dividend Warrants
07 Avril 2021 - 10:30PM
Alberton Acquisition Corp. (“Alberton”) (NASDAQ: ALAC) announced
that it changed the record date for issuance of 1,414,480 dividend
warrants to the holders of public ordinary shares and/or public
units from April 21, 2020 to April 22, 2020.
On April 20, 2020, Alberton announced that it
had agreed that if the April 2020 extension was approved, it would
issue, with respect to each public share or public unit (with
respect of the underlying public share) that is not redeemed in
connection with April 2020 extension, one dividend warrant to
purchase one-half of one ordinary share. The dividend
warrants are identical to the warrants included in the units sold
in Alberton’s initial public offering.
In connection with the April 2020 extension, the
Company received redemption request in the aggregated amount of
10,073,512 shares by April 21, 2020, the cut-off date for
shareholders to submit their redemption request. Accordingly,
10,073,512 public shares were redeemed, resulting in a total of
1,414,480 remaining public shares issued and outstanding including
public shares underlying public units. With the change of the
record date, the holders of public ordinary shares and/or pubic
units who did not redeem in connection with April 2020 extension
but sold their positions, if any, on April 21, 2020 are no longer
eligible to receive the dividend warrants. The Company expects
payment of such dividend warrants be made on April 8, 2021.
Additional Information about the Transaction
and Where to Find It
Alberton filed with the Securities and Exchange
Commission (“SEC”) a registration statement on Form S-4 with a
proxy statement containing information about the proposed business
combination and the respective businesses of Alberton and SolarMax
Technology, Inc., a Nevada corporation (“SolarMax”) initially on
December 30, 2020 and may be amended from time to time (file no.
333-251825). Alberton will mail a final prospectus and definitive
proxy statement and other relevant documents after the SEC
completes its review. Alberton and SolarMax shareholders are urged
to read the preliminary prospectus and proxy statement and any
amendments thereto and the final prospectus and definitive proxy
statement in connection with the solicitation of proxies for the
special meetings to be held to approve the proposed transaction,
because these documents will contain important information about
Alberton, SolarMax and the proposed transaction. The final
prospectus and definitive proxy statement will be mailed to
shareholders of Alberton and SolarMax as of a record date to be
established for voting on the proposed transaction. Shareholders
will also be able to obtain a free copy of the proxy statement, as
well as other filings containing information about Alberton without
charge, at the SEC’s website (www.sec.gov) or by calling
1-800-SEC-0330. Copies of the proxy statement and other filings
with the SEC can also be obtained, without charge, by directing a
request to: Alberton Acquisition Corporation, Room 1001, 10/F,
Capital Center, 151 Gloucester Road, Wanchai, Hong Kong.
About Alberton
Alberton is a British Virgin Islands blank check
company, also commonly referred to as a Special Purpose Acquisition
Company, or SPAC, formed for the purpose of effecting a merger,
asset acquisition or other business combination with one or more
businesses or entities. Alberton’s units, ordinary shares and
warrants are currently listed on the Nasdaq Capital Market under
the symbols “ALACU,” “ALAC” and “ALACW, respectively.
About SolarMax
SolarMax, a Nevada corporation, is an integrated
solar energy company. Its principal executive offices are located
at 3080 12th Street, Riverside, California 92507. SolarMax’ website
is http://www.solarmaxtech.com. Any information contained on, or
that can be accessed through, SolarMax’ website or any other
website is not a part of this press release.
Cautionary Note Regarding Forward-Looking Statements
This press release includes "forward-looking
statements" that involve risks and uncertainties that could cause
actual results to differ materially from what is expected. Words
such as "expects", "believes", "anticipates", "intends",
"estimates", "seeks", "may", "might", "plan", "possible", "should"
and variations and similar words and expressions are intended to
identify such forward-looking statements, but the absence of these
words does not mean that a statement is not forward-looking. Such
forward-looking statements relate to future events or future
results, based on currently available information and reflect
Alberton management's current beliefs. A number of factors could
cause actual events or results to differ materially from the events
and results discussed in the forward-looking statements. In
addition, please refer to the Risk Factors section of Alberton’s
Form S-4, its Annual Reports on Form 10-K, its Quarterly Reports on
Form 10-Q for additional information identifying important factors
that could cause actual results to differ materially from those
anticipated in the forward looking statements. Except as expressly
required by applicable securities law, Alberton disclaims any
intention or obligation to update or revise any forward looking
statements whether as a result of new information, future events or
otherwise.
Company
Contact: |
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Gateway Group, Inc. |
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ALAC@gatewayir.com |
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