Marcia Clark SAN FRANCISCO, CALIF., Oct. 03, 2023 (Globe NEWSWIRE) — Aurora Technological know-how Acquisition Corp. (NASDAQ: ATAKU, ATAK, ATAKW, ATAKR) (the “Company”) introduced these days that its sponsor, ATAC Sponsor LLC (the “Sponsor”), has deposited an mixture of $135,000 (the “Extension Payment”) into the Company’s rely on account in order to lengthen the date by which the Corporation has to consummate a business enterprise mixture from Oct 9, 2023 to November 9, 2023.
The Extension Payment was loaned as a draw down pursuant to an unsecured promissory note the Organization issued to the Sponsor on July 31, 2023 with a principal total equivalent to $810,000.00 (the “Extension Note”). The Extension Note bears no curiosity and is repayable in full upon the previously of (a) the date of the consummation of the Company’s initial enterprise mix, or (b) the date of the liquidation of the Firm, subject matter to the conditions and ailments established forth in the Extension Observe. The Company’s stockholders are not entitled to vote on or redeem their shares in relationship with this extension.
About Aurora Know-how Acquisition Corp.
Aurora Engineering Acquisition Corp. is a Cayman Island primarily based blank verify organization fashioned for the goal of effecting a merger, share trade, asset acquisition, share order, reorganization or very similar business mixture with 1 or much more corporations in any industry or geographic locale, but intends to concentration its lookup on superior-advancement technological know-how businesses centered in North The us and Asia (excluding China). The Business aims to prioritize goal corporations started by Asian or Asian-American entrepreneurs who are making a worldwide business supported by forward contemplating visions and revolutionary frontier systems that consist of but are not restricted to synthetic intelligence, blockchain, quantum computing, and electric powered vehicles.
Ahead Seeking Statements
This press launch may possibly consist of “forward-hunting statements” inside the meaning of Part 27A of the Securities Act of 1933, as amended, and Portion 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historic fact integrated in this push launch are ahead-hunting statements. When utilized in this push release, terms this kind of as “anticipate,” “believe,” “estimate,” “expect,” “intend” and equivalent expressions, as they relate to us or our administration team, recognize forward-searching statements. These forward-seeking statements are primarily based on the beliefs of management, as very well as assumptions produced by, and information now accessible to, the Company’s management. Actual benefits could differ materially from those contemplated by the forward-hunting statements as a result of specified things in-depth in the Company’s filings with the SEC. All subsequent composed or oral forward-seeking statements attributable to us or persons performing on our behalf are qualified in their entirety by this paragraph. Ahead-wanting statements are subject matter to a lot of conditions, lots of of which are further than the manage of the Company, which includes all those set forth in the Chance Elements portion of the Company’s registration assertion and prospectus relating to the Company’s preliminary public providing filed with the SEC. The Organization undertakes no obligation to update these statements for revisions or adjustments after the day of this launch, besides as needed by regulation.
Get hold of Information and facts
Zachary Wang, CEO
Cathryn Chen, CFO
Yida Gao, COO
Electronic mail: [email protected]
