New York, NY, Feb. 24, 2023 (GLOBE NEWSWIRE) -- Sagaliam Acquisition Corp. (NASDAQ: "SAGAU", "SAGA", "SAGAR") ("we", "us", "our", or the "Company") announced today that it was exercising its option to extend the time available to consummate its business combination to March 23, 2023 and on February 23, 2023, our sponsor, Sagaliam Sponsor LLC, has deposited an aggregate of $57,380.22 into Company's trust account for its public stockholders. This deposit enables the Company to extend the date by which the Company has to complete its business combination from February 23, 2023 to March 23, 2023 (the "Extension"). The Extension is the third of ten one-month extensions permitted under the Company's governing documents.
About Sagaliam Acquisition Corp.
We are a blank check company incorporated under the laws of the State of Delaware on March 31, 2021 for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities. On November 16, 2022, we entered into a Business Combination Agreement (the "BCA") with Allenby Montefiore Limited, a private company limited by shares organized and existing under the Laws of the Republic of Cyprus, AEC Merger Sub Corp., a Delaware corporation, Supraeon Investments Limited, a private company limited by shares organized and existing under the Laws of the Republic of Cyprus and GLD Partners, LP, a Delaware limited partnership. Completion of the business combination is subject to, among other matters, the satisfaction of the conditions precedent negotiated in the BCA and the approval of the transaction by our stockholders.
Non-Solicitation
This press release is not a proxy statement or solicitation of a proxy, consent, or authorization with respect to any securities shall not constitute an offer to sell or a solicitation of an offer to buy the securities of the Company, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
CONTACT INFORMATION
Sagaliam Acquisition Corp.,
Barry Kostiner, Chief Executive Officer
1800 Avenue of the Stars, Suite 1475
Los Angeles, CA 90067
Tel: (213) 616-0011
bkostiner@fintecham.com
環球通訊社,紐約,2023年2月24日--薩加裡姆收購公司(納斯達克:“SAGAU”,“SAGA”,“SAGA”)(“我們“,”我們“,”我們的,或“公司Y“)今天宣佈,它正在行使選擇權,將完成業務合併的可用時間延長至2023年3月23日。2023年2月23日,我們的保薦人Sagaliam保薦人有限責任公司已將總計57,380.22美元存入公司為其公眾股東設立的信託賬戶。這筆存款使公司能夠將完成業務合併的日期從2023年2月23日延長至2023年3月23日(延拓“)。此次延期是本公司管理檔案允許的十次一個月延期中的第三次。
關於薩加裡姆收購公司。
我們是一家空白支票公司,於2021年3月31日根據特拉華州法律成立,目的是與一個或多個企業或實體進行合併、資本股票交換、資產收購、股票購買、重組或類似的業務合併。2022年11月16日,我們簽訂了企業合併協定(“博卡“)與Allenby Montefiore Limited,一家根據賽普勒斯共和國法律組織和存在的私人股份有限公司,AEC合併子公司,一家特拉華州公司,Supraeon Investments Limited,一家根據賽普勒斯共和國法律組織和存在的私人公司,以及GLD Partners,LP,一家特拉華州有限合夥企業。業務合併的完成取決於BCA談判的先決條件的滿足和我們股東對交易的批准。
非邀請性
本新聞稿不是委託聲明或對任何證券的委託、同意或授權不構成出售或邀請購買公司證券的要約,也不得在任何州或司法管轄區出售任何此類證券,在該州或司法管轄區的任何州或司法管轄區,在根據該州或司法管轄區的證券法註冊或獲得資格之前,此類證券的出售將是非法的。除非招股說明書符合經修訂的1933年證券法第10節的要求,否則不得提出證券要約。
聯繫資訊
Sagaliam收購公司,
首席執行官巴裡·科斯特納
星光大道1800號,套房1475
加利福尼亞州洛杉磯,郵編:90067
電話:(213)616-0011
郵箱:bkostiner@fintecham.com