Acri Capital Acquisition Corporation Announces Extension Of The Deadline For An Initial Business Combination To December 14, 2023
Portfolio Pulse from Benzinga Newsdesk
Acri Capital Acquisition Corporation (ACAC) has extended the deadline to complete its initial business combination from November 14, 2023, to December 14, 2023. To facilitate this extension, Acri Capital Sponsor LLC has deposited $75,000 into the Trust Account. The company has the option to extend the deadline monthly until April 14, 2024, by making similar deposits for each additional month.
November 13, 2023 | 3:46 pm
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ACAC has extended the deadline for its initial business combination to December 14, 2023, and has deposited $75,000 into the Trust Account to enable this extension.
The extension provides ACAC with more time to complete a business combination, which is a neutral event as it neither assures a successful merger nor indicates failure. The deposit shows commitment but does not impact the financial position significantly.
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RELEVANCE 100