Americas Engineering Acquisition Corp. Confirms Funding to
Dallas, TX, Dec. 15, 2021 (Globe NEWSWIRE) — Americas Technological innovation Acquisition Corp. (NYSE: ATA.U) (the “Company”), announced these days that an combination of $1,150,000 (the “Extension Payment”) has been deposited into the Company’s have faith in account for its public shareholders, symbolizing $.10 for every community share, which allows the Company to extend the time period of time it has to consummate its initial business enterprise combination by a few months from December 17, 2021 to March 17, 2022 (the “Extension”). The Extension is the very first of up to two 3-thirty day period extensions permitted underneath the Company’s governing paperwork.
ATAC Confined Partnership, a Delaware minimal partnership (the “Sponsor”), loaned the Extension Payment to the Enterprise, which loan is convertible, at the Sponsor’s discretion, into warrants identical to the warrants issued in the Company’s non-public placement that was consummated in link with the Company’s preliminary general public offering.
About Americas Technological know-how Acquisition Corp.
Americas Engineering Acquisition Corp. is a blank check out company arranged for the reason of effecting a merger, capital stock trade, asset acquisition, or other identical organization mixture with a person or a lot more organizations or entities with an preliminary concentration on technological know-how, media, and telecommunications verticals.
Cautionary Observe Regarding Forward-Searching Statements
This push launch may possibly involve, and oral statements produced from time to time by reps of the Business might include things like, “forward-hunting statements” within the indicating of Section 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Trade Act of 1934, as amended. Statements regarding attainable enterprise mixtures and the funding thereof, and connected issues, as perfectly as all other statements other than statements of historic actuality integrated in this press launch are forward-seeking statements. When employed in this press launch, words and phrases this sort of as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and equivalent expressions, as they relate to us or our management workforce, establish forward-searching statements. This sort of ahead-on the lookout statements are based mostly on the beliefs of administration, as properly as assumptions made by, and data now available to, the Company’s administration. Real effects could vary materially from those people contemplated by the forward-seeking statements as a consequence of specified things comprehensive in the Company’s filings with the Securities and Exchange Fee (“SEC”). All subsequent composed or oral ahead-hunting statements attributable to us or individuals acting on our behalf are experienced in their entirety by this paragraph. Forward-hunting statements are matter to many disorders, quite a few of which are past the handle of the Organization, together with individuals established forth in the Danger Components part of the Company’s registration statement and prospectus for the Company’s original community giving filed with the SEC. The Corporation undertakes no obligation to update these statements for revisions or variations soon after the day of this release, other than as required by regulation.
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Chief Govt Officer
Americas Technologies Acquisition Corp.