Yotta Acquisition Corporation Announces Extension Of Combination Period And Additional Contribution To Trust Account To Extend Combination Period
Yotta Acquisition Corporation Announces Extension Of Combination Period And Additional Contribution To Trust Account To Extend Combination Period
Yotta Acquisition Corporation (NASDAQ:YOTA, the "Company"))))), a special purpose acquisition company, announced today that that at its special meeting of stockholders on April 19, 2023 (the "Meeting"), the Company's shareholders voted in favor of the proposal to amend its amended and restated certificate of incorporation, giving the Company the right to extend the date by which the Company has to complete a business combination (the "Combination Period") up to twelve (12) times for an additional one (1) month each time from April 22, 2023, to April 22, 2024. Yotta Investment LLC, the Company's initial public offering sponsor ("Sponsor"), has deposited into the Company's trust account (the "Trust Account") an aggregate of $120,000, in order to extend the period of time the Company has to complete a business combination for an additional one (1) month period, from April 22, 2023 to May 22, 2023. The Company issued a promissory note to Sponsor in the aggregate principal amount of $200,000. The promissory note bears no interest and matures upon the closing of a business combination by the Company. The purpose of the extension is to provide time for the Company to complete a business combination.
特殊目的收购公司Yotta Acquisition Corporation（纳斯达克股票代码：YOTA，“公司”））今天宣布，在2023年4月19日的股东特别大会（“会议”）上，公司股东投票赞成修改经修订和重述的公司注册证书的提案，赋予公司延长公司完成业务合并的截止日期（“合并期”）的权利”) 从 2023 年 4 月 22 日到 2024 年 4 月 22 日，每次最多十二 (12) 次，再延长一 (1) 个月。公司的首次公开募股赞助商（“赞助商”）Yotta Investment LLC已将总额为12万美元的资金存入公司的信托账户（“信托账户”），以便将公司完成业务合并的时间再延长一（1）个月，即从2023年4月22日延长至2023年5月22日。公司向保荐人发行了本金总额为200,000美元的期票。期票不计利息，在公司完成业务合并时到期。延期的目的是为公司提供完成业务合并的时间。