Parabellum Acquisition Corp. ("Parabellum" or the "Company") (NYSE:PRBM, PRBM, PRBM.WS))))), a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase reorganization or similar business combination with one or more businesses or entities, today announced that its stockholders approved a change of the extension terms of the combination period by the end of which it has to consummate a business combination, allowing the Company to extend such date six (6) times for an additional one (1) month each time, from March 30, 2023 to September 30, 2023 (the date which is 24 months from the closing date of Parabellum's initial public offering) (the extension, the "Extension") by depositing $185,000 into the Trust Account for each one month extension.
As previously reported, on November 13, 2022, the Company entered into a Business Combination Agreement ("BCA") with EnOcean GmbH ("EnOcean") pursuant to which the Company and EnOcean, as a result of a merger, share exchange and other transactions set forth in the BCA, would become subsidiaries of EnOcean Holdings, B.V. ("Holdco"), which will then change the name to EnOcean Holdings, N.V. and become a public company. EnOcean is the pioneer of energy harvesting and delivers valuable data for the Internet of Things (IoT) with its resource-saving technology. The transactions set forth in the BCA would constitute a business combination.