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Model Performance Acquisition Corp. Announces Contribution to Trust Account to Extend Period to Consummate Business Combination
Model Performance Acquisition Corp. Announces Contribution to Trust Account to Extend Period to Consummate Business Combination
NEW YORK, March 30, 2022 /PRNewswire/ -- Model Performance Acquisition Corp. (NASDAQ: MPAC, the "Company"), a special purpose acquisition company, announced today that it has deposited into the Company's trust account (the "Trust Account") an aggregate of $575,000 (representing $0.10 per Class A ordinary share), in order to extend the period of time the Company has to complete a business combination (the "Combination Period") for an additional three (3) months period, from April 12, 2022 to July 12, 2022. As previously disclosed, pursuant to the First Amendment to the Merger Agreement dated January 6, 2022 by and among the Company, MultiMetaVerse Inc. ("MMV") and other parties named therein, MMV has agreed to loan the Company an aggregate principal amount of $2.75 million in three tranches to fund any and all amounts required to extend the Combination Period for up to two (2) times for an additional three (3) months period each time. The loan bears no interest and is repayable only at the closing of a business combination by the Company. On March 29, 2022, the Company used $575,000 of the loan amount received to extend the Combination Period to July 12, 2022.
About Model Performance Acquisition Corp.
Model Performance Acquisition Corp. is a British Virgin Islands company incorporated as a blank check company for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities.
Forward-Looking Statements
This press release includes forward-looking statements that involve risks and uncertainties. Forward looking statements are statements that are not historical facts. Such forward-looking statements, including the successful consummation of the Company's initial public offering, are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.
SOURCE Model Performance Acquisition Corp.
NEW YORK, March 30, 2022 /PRNewswire/ -- Model Performance Acquisition Corp. (NASDAQ: MPAC, the "Company"), a special purpose acquisition company, announced today that it has deposited into the Company's trust account (the "Trust Account") an aggregate of $575,000 (representing $0.10 per Class A ordinary share), in order to extend the period of time the Company has to complete a business combination (the "Combination Period") for an additional three (3) months period, from April 12, 2022 to July 12, 2022. As previously disclosed, pursuant to the First Amendment to the Merger Agreement dated January 6, 2022 by and among the Company, MultiMetaVerse Inc. ("MMV") and other parties named therein, MMV has agreed to loan the Company an aggregate principal amount of $2.75 million in three tranches to fund any and all amounts required to extend the Combination Period for up to two (2) times for an additional three (3) months period each time. The loan bears no interest and is repayable only at the closing of a business combination by the Company. On March 29, 2022, the Company used $575,000 of the loan amount received to extend the Combination Period to July 12, 2022.
纽约, 2022年3月30日 /PRNewswire/ — 特殊目的收购公司 Model Performance Acquisition Corp.(纳斯达克股票代码:MPAC,“公司”)今天宣布,它已向该公司的信托账户(“信托账户”)存入了总额为 575,000 美元 (代表 0.10 美元 每股A类普通股),为了将公司完成业务合并的期限(“合并期”)再延长三(3)个月,从 2022年4月12日 到 2022年7月12日。正如先前披露的那样,根据合并协议的第一修正案 2022年1月6日 在公司、MultiMetaverse Inc.(“MMV”)以及其中提到的其他各方之间,MMV已同意向公司贷款本金总额为 275 万美元 分三部分,为将合并期延长最多两(2)次所需的任何金额提供资金,每次再延长三(3)个月。该贷款不计利息,只有在公司完成业务合并时才能偿还。开启 2022年3月29日,该公司使用了 575,000 美元 为延长合并期而收到的贷款金额为 2022年7月12日。
About Model Performance Acquisition Corp.
关于模特性能收购公司
Model Performance Acquisition Corp. is a British Virgin Islands company incorporated as a blank check company for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities.
模特性能收购公司是 英属维尔京群岛 作为空白支票公司注册的公司,目的是与一个或多个企业或实体进行合并、股票交换、资产收购、股份购买、资本重组、重组或类似的业务合并。
Forward-Looking Statements
前瞻性陈述
This press release includes forward-looking statements that involve risks and uncertainties. Forward looking statements are statements that are not historical facts. Such forward-looking statements, including the successful consummation of the Company's initial public offering, are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.
本新闻稿包括涉及风险和不确定性的前瞻性陈述。前瞻性陈述是不是历史事实的陈述。此类前瞻性陈述,包括公司成功完成首次公开募股,存在风险和不确定性,这可能导致实际结果与前瞻性陈述有所不同。公司明确表示不承担任何义务或承诺公开发布此处包含的任何前瞻性陈述的任何更新或修订,以反映公司对前瞻性陈述的预期的任何变化或任何陈述所依据的事件、条件或情况的任何变化。
SOURCE Model Performance Acquisition Corp.
来源 Model Performanc
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在新加坡,moomoo上的投资产品和服务是通过Moomoo Financial Singapore Pte. Ltd.提供,该公司受新加坡金融管理局(MAS)监管(牌照号码︰CMS101000) ,持有资本市场服务牌照 (CMS) ,持有财务顾问豁免(Exempt Financial Adviser)资质。本内容未经新加坡金融管理局的审查。
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